3
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$1,900,000
Est. payment /mo
4,308 SqFt
Open Sat 1PM-2PM
502 N 18th ST San Jose, CA 95112
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Open House
Sat Aug 29, 1:00pm - 2:00pm
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,308 sqft
Price per Sqft $441
MLS Listing ID ML82050750
HOA Y/N No
Year Built 1971
Annual Tax Amount $22,950
Lot Size 0.253 Acres
Property Sub-Type Quadruplex
Property Description
Marcus & Millichap is pleased to present the investment opportunity North 18th Flats located at 502, 504, 506 and 508 N. 18th Street San Jose, California. This attractive, four-unit apartment complex is situated on a parcel of land totaling 0.25 acres and features a gross building area of approximately 4308 square feet. The property features two duplex style buildings four three bed/one bath units of about 1077 square feet. Each unit contains modern appliances, upgraded windows, and washer dryer hook ups. The property offers an in place Cap Rate of 5.55 with a 13.01 GRM - PROFORMA CAP RATE OF 7.46 and 10.47 PROFORMA GRM
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R3B
Interior
Heating Wall Furnace
Fireplace No
Exterior
Parking Features Off Street
View Y/N No
Roof Type Other
Accessibility Other
Total Parking Spaces 6
Building
Story 2
Sewer Public Sewer
Water Public
Schools
School District San Jose Unified
Others
Tax ID 24926069
Special Listing Condition Standard
Listed by Michael Henshaw Marcus & Millichap #01134592
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