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Multifamily

1037 N 7th St

1037 N 7th St, San Jose, CA 95112

Listing Price: $2,150,000

Cap Rate
5.50%
Number of Units
7
GRM
10.45
Occupancy
97.0%
Price/Unit
$307,143
Price/Gross SF
$301.80
Gross SF
7,124

Investment Overview

The Rubio Group of Marcus & Millichap is pleased to present 1037 N 7th Street, a seven apartment complex located in San Jose CA.

1037 N 7th Street was constructed in 1956 and offers 4,065 square feet of net rentable building area, situated on a 7,144 square foot lot. The asset is located within walking distance of several schools, and within a five-minute drive of San Jose State University. 1037 N 7th Street property offers an exceptional unit mix of primarily two-bedroom units and two one-bedroom units, which have been well maintained but still offer a new investor the opportunity to upgrade them further and achieve full market rents.

San Jose is one of the largest cities in Silicon Valley and even the United States. San Jose is surrounded by rolling hills in Silicon Valley and is a major technology hub in California's Bay Area. Large tech employers view San Jose as a hot bed of innovation and opportunity. Because of this, San Jose has seen growth both in rents and values far larger in size than most other cities. The apartments at N 7th Street are the perfect opportunity for an investor to acquire a well-maintained asset in the heart of the largest and fastest growing tech market in the entire world.

Investment Highlights

  • Seven Unit Value Add Opportunity in San Jose, CA
  • Exceptional Unit Mix Of Primarily Two Bed Units
  • Close Proximity To SAP Center & SJSU

Exclusively Listed By

Financing By

Multifamily

1037 N 7th St

Listing Price: $2,150,000

Cap Rate
5.50%
Number of Units
7
GRM
10.45
Occupancy
97.0%
Price/Unit
$307,143
Price/Gross SF
$301.80
Gross SF
7,124

Investment Highlights

  • Seven Unit Value Add Opportunity in San Jose, CA
  • Exceptional Unit Mix Of Primarily Two Bed Units
  • Close Proximity To SAP Center & SJSU

Investment Overview

The Rubio Group of Marcus & Millichap is pleased to present 1037 N 7th Street, a seven apartment complex located in San Jose CA. 1037 N 7th Street was constructed in 1956 and offers 4,065 square feet of net rentable building area, situated on a 7,144 square foot lot. The asset is located within walking distance of several schools, and within a five-minute drive of San Jose State University. 1037 N 7th Street property offers an exceptional unit mix of primarily two-bedroom units and two one-bedroom units, which have been well maintained but still offer a new investor the opportunity to upgrade them further and achieve full market rents. San Jose is one of the largest cities in Silicon Valley and even the United States. San Jose is surrounded by rolling hills in Silicon Valley and is a major technology hub in California's Bay Area. Large tech employers view San Jose as a hot bed of innovation and opportunity. Because of this, San Jose has seen growth both in rents and values far larger in size than most other cities. The apartments at N 7th Street are the perfect opportunity for an investor to acquire a well-maintained asset in the heart of the largest and fastest growing tech market in the entire world.

Exclusively Listed By

Financing By

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