Multifamily
508 S 11th St
508 S 11th St, San Jose, CA 95112
Listing Price: $8,950,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire 508 S. 11th Street, a 20-unit multifamily property located two blocks from San Jose State University. This is a tremendous opportunity for an investor to acquire a property in the heart of Silicon Valley. The property has been extensively renovated and is 100% occupied, allowing a new owner to have strong cash flow from day one with a turnkey asset.
508 S. 11th Street is a 20-unit multifamily property located in the center of Downtown San Jose. The unit mix consists of (1) 1 bedroom / 1 bathroom that is approximately 600 sq ft and (19) 2 bedroom / 2 bathroom that are approximately 821 sq ft each. The property sits on a 0.29 acre (or 12,506 sq ft) lot. Among the amenities are a laundry room along with assigned parking and a gated entrance that provides a sense of security.
Listing Price: $8,950,000
Investment Highlights
- 15 of 20 units renovated within the last 12 months.
- Roof was replaced and dual pane windows added in 2017.
- Parking lot resurfaced and re-striped.
- Spacious units that average over 800 sq ft per the county record.
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire 508 S. 11th Street, a 20-unit multifamily property located two blocks from San Jose State University. This is a tremendous opportunity for an investor to acquire a property in the heart of Silicon Valley. The property has been extensively renovated and is 100% occupied, allowing a new owner to have strong cash flow from day one with a turnkey asset. 508 S. 11th Street is a 20-unit multifamily property located in the center of Downtown San Jose. The unit mix consists of (1) 1 bedroom / 1 bathroom that is approximately 600 sq ft and (19) 2 bedroom / 2 bathroom that are approximately 821 sq ft each. The property sits on a 0.29 acre (or 12,506 sq ft) lot. Among the amenities are a laundry room along with assigned parking and a gated entrance that provides a sense of security.
