51 S 19th St, San Jose, CA 95116

$10,050,000
29,776
SqFt
List Price
$10,050,000
MLS#
ML81863926
Status
ACTIVE
Sqft. of Residence
29,776
Lot Size
21,469
Listing Area
Central San Jose
Year Built
1961

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.

Additional Information

Acres
0.4929
Age
60
Cooling System
None
Foundation
Pillars / Posts / Piers, Post and Beam
Garage Parking
Covered Parking
Heating System
Electric
Laundry Facilities
Coin Operated
Living Area
29,776
Lot Size
21,469
Neighborhood
Central San Jose
Other Utilities
Individual Electric Meters
Roof
Foam
Sewer
Sewer - Public
Special Features
None
Unincorporated Yn
Yes
Zoning
RM

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Justin Bautista from Newmark Cornish & Carey

board logoBased on information from MLSListings MLS as of All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


Copyright 2021 MLSListings Inc. All rights reserved