555 S 2nd St, San Jose, CA, 95112
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Property Details
1
38
Multi-Family
Description
Property Details: • Type: Multi-Family • Bedrooms: 1 • Bathrooms: 38 • Square Feet: 20521 • Lot/Size: 14,474 sqft lot
Description: Marcus & Millichap is pleased to present 555 S. 2nd Street, a 39-unit apartment community located in the heart of Downtown San Jose's vibrant SoFA District. Offered at just $212,000 per unit, the property provides investors with a rare low basis in one of Silicon Valley's most dynamic urban neighborhoods. The asset features 37 studio units, one one-bedroom unit, and a ~900 SF ground-floor commercial storefront, currently vacant. The investment offers strong in-place returns with a 6.93% CAP rate and 8.8 GRM, along with attractive financing options available, creating an opportunity for immediate cash flow in a prime downtown location near San Jose State University, major tech employer
Location
Address
555 S 2nd St, San Jose, CA, 95112
City
San Jose
Features and Finishes
Year Built: 1928; [object Object]; [object Object]; [object Object]
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