143 N 8th ST

SAN JOSE, CA, 95112

$3,050,000

$425 per ft²
$3,050,000
$425 per ft²
Active
Active
 - For Sale
carpenters-square
7,167 ft²
property_type
Commercial
calendar
Built 1961
Located in the heart of Downtown San Jose, 143 N. 8th Street features a desirable unit mix of (9) 2+1 many of which have upgrades to kitchens and baths. The well maintained property features double pane windows throughout, (2) washers and (2) dryers, and one unit has central heat and A/C. The property is convenient to transit and Japantown amenities, walking distance to San Jose State University, and benefits from proximity to world-renown employers. Existing debt is assumable at historically attractive rate and remaining term (3.15% fixed for another +/- 3 years). Strong in-place financial performance: GIM of 12.84 and Current CAP Rate of 5.25%. This is part of a three-property portfolio and may be acquired individually or in combination with 515 E. William Street and 751 S. 3rd Street located blocks away, providing a Buyer with an optimal capital deployment strategy.
MLS® ID:
ML81912638
Updated:
3/31/23

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Central AC, Window / Wall Unit
Heating
Central Forced Air, Wall Furnace

Exterior/Building Features

Lot Size
9,548 ft² lot
Roof
Bitumen
Sewer
Sewer - Public

Other Property Details

Area Name
9
Garage
Yes
Garage Spaces
3
Parking
Attached Garage, Covered Parking, On Street, Uncovered Parking
Parking Total
3.0
View
Y
County
Santa Clara
Utilities
Individual Electric Meters, Individual Gas Meters
Water Source
Public
Pool
Yes
Zoning
RM

Property History

Date
Event
Price
Value
12/29/22
Under Contract
-
-
3/17/23
Active
-
-

Courtesy of Newmark Cornish & Carey, Joel Hopman,
Listing Contact: 415-722-2200 

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Data last updated 2:33 AM UTC, 3/31/23

 

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