$3,750,000
$3,995,000
6.1%For more information regarding the value of a property, please contact us for a free consultation.
Address not disclosed San Jose, CA 95128
0.26 Acres Lot
Key Details
Sold Price $3,750,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81827475
Sold Date 06/30/21
HOA Y/N No
Year Built 1961
Annual Tax Amount $53,488
Lot Size 0.262 Acres
Property Description
Attractive court-yard style complex, walking distance to Santana Row. Value-add opportunity. Rents are well-below market. Tremendous upside potential. Market GRM: 13.57 and Market Cap Rate: 5.12%. Dual paned windows, well-maintained. Neighboring 24-unit building located on adjacent street (2991-3001 Magliocco Drive) also available for sale. Great opportunity to acquire 36 units on 3 separate parcels. Outstanding fixed financing available.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning RM
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 12
Roof Type Composition,Shingle
Building
Water Public
Schools
School District Other
Others
Tax ID 27907045
Financing Conventional
Special Listing Condition Standard
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Bought with David Clancy • Bishop Clancy Commercial Real Estate, Inc.