Comm Ri Multi-units 5+ For Sale
0.68 Acre - 51 19th Street, SAN JOSE, California 95116
Property Description
Excellent opportunity to purchase a high cashflow building with great unit mix. 8.75% cash on cash return on current rents. Over 10% cash on cash on market rents. (30) Spacious 2 Bedroom / 1 bathroom Townhouses – 993 SF. Private balconies. Individual hot water heaters. Strong in place rents with upside potential. Attractive Price/SF – only $337/sf. Solid rental location – close to freeways, Downtown San Jose, park & shopping. Terrific 1031 exchange opportunity – sellers are willing to wait for buyer to sell downleg property. Outstanding financing available – 7 year fixed at 3.25% with 3 years of interest only.
Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : ML81863926
Price : $10,050,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 0.68 Acre
Year Built : 1961
Lot Area : 0.49 Sqft
Features
Heating System : Electric
Address Map
Country : US
State : CA
County : Santa Clara
City : SAN JOSE
Zipcode : 95116
Street : 19th Street
Street Number : 51
Floor Number : 0
Longitude : W122° 7' 40.8''
Latitude : N37° 20' 35.8''
MLS Addon
Office Name : Newmark Cornish & Carey
Building Type : Other
Area : Central San Jose
Address : 51 S 19th Street
Address Direction : S
LA1User Code : MLL5066982
LA1Agent First Name : Justin
LA1Agent Last Name : Bautista
Status Category : Active
Tot # Parking Spaces : 0
Tot # of Units : 30
Zoning : RM
List $/SqFt : $0
Age : 60
Apx Lot Sq Ft : 21,469 Sqft
Type of Building : Apt Complex
Annual Taxes : $129,584
Total Deposits : $0
ALL UNITS HAVE : Refrigerator
ON-SITE PARKING DESC : Covered Parking
OPERATING EXPENSES : Electric, Gas, Insurance, Maintenance/repair, Trash Removal, Vacancy Factor, Water
SOME UNITS HAVE : Updated Baths, Updated Kitchen, Dishwasher
TENANT PAYS : Electric
WATER/SEWER : Water - Public, Sewer System - Public
LAUNDRY : Coin Operated
Bus Sq Ft of Bldg : 0 Sqft
Other Loans (Y/N) : No
1st Loan Balance : $0
2nd Loan Balance : $0
Tot Other Loans : $0
Financial Data Verif(Y/N) : 4.92
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $10,050,000
Sold Price : $0
Previous Price : $0
Sale $/SqFt : $0
Gross Oper Actual Inc : 0
Annual Gross Sched Inc : 814764
Net Oper Income : 494225
Annual Mgmt Exp : 0
Annual License Exp : 0
Annual Util Exp : 31370
Other Ann Exp : 0
Tot Ann Oper Exp : 0
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 0
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Gross Rent Multiplier : 12.33
List Agent DRE Num. : 01268331
Filtered Address : 51 S 19th ST
LA1Agent License ID : 01268331
LA1Old Agent ID : 306597
LA2Agent First Name : Christopher
LA2Agent Last Name : Shaheen
LA2User Code : MLL473094
LA2Old Agent ID : 212400
LA2NRDS_ID : 191013370
Annual Vacancy : 0
Gross Income : 0
Sale/Original $ : 0
Annual Exp Yr : 0
Sale $/SqFt : 0
1st - Yrs Remaining : 0
Sale/Last List $ : 0
Interest Rate : 0
Board ID : Datashare MLSListings
Assessors Parcel No : 467-30-018
Showing : See Confidential Remarks
LO2Office Name : Coldwell Banker Realty
LO1Main Office ID : 76108
LO1Board ID : 0
LO2Office Identifier : 70926
LO2Main Office ID : 70926
SO1Office Identifier : 0
SO1Board ID : 0
SO2Office Identifier : 0
SO2Office Type : 0
VOW Include : Yes
VOW Address : Yes
VOW Comment : Yes
VOW AVM : Yes
Status Detail : 0
Search Price : 10050000
Address Search Number : 51
Listing Agent : 281553
Listing Office : 76108
Co-List Agent : 265226
Listing Office 2 : 70926
Apprx Equity : 0
Buyer Agent 1 : 0
Buying Office 1 : 0
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 14
Input Date : 23/09/2021 18:20:45
Update Date : 28/09/2021 03:13:46
PhotoTimestamp : 24/09/2021 02:16:23
First Photo Add Timestamp :
List Date : 23/09/2021
Expire Date :
Pending Date :
Closing Date :
Status Date : 23/09/2021
Price Date :
Off Market Date :
Status : Active
HOA : No
City Transfer Tax : Yes
Off Market Status Date :
LVT Date :
DOMLS : 5
Cumulative DOMLS : 5
Unit # 1 # of Bedrooms: 2
Unit # 1 Approx. SqFt: 993
Unit # 1 Rent: 1960
