$10,050,000
51 19th Street, San Jose, CA 95116
0 Beds
0 Baths
29,776 sqft

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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.
  • Price:
  • $10,050,000
  • Square Footage:
  • 29,776
  • Acreage:
  • 0.49
  • Year Built:
  • 1961
  • Listing ID #:
  • ML81863926
  • Street Address:
  • 51 19th Street
  • City:
  • San Jose
  • State:
  • California
  • Postal Code:
  • 95116
  • County:
  • Santa Clara
  • Listing Status:
  • Pending
  • Listing Type:
  • Commercial Sale
  • Total Building Square Footage:
  • 29776
  • Year Built:
  • 1961
  • Lot Size:
  • 21469
  • Lot Square Footage:
  • 21469
  • Parking Description:
  • Covered
  • Appliances:
  • Refrigerator
  • Existing Water:
  • Public
  • Heating:
  • Electric
  • Laundry:
  • Coin Operated
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Justin Bautista of Newmark Cornish & Carey
  • CABAYEAST

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