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listing
1 of 14
Commercial
$10,050,000
51 South 19th Street
San Jose, CA 95116
Listed by: Justin Bautista from Newmark Cornish & Carey, 650-996-9384
MLS: MLSListings, Inc.
Est. Mortgage
$51,976/mo

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.

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Based on information from the MLSListings MLS as of 03/28/2024 02:16 PM. 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.
Information courtesy of Newmark Cornish & Carey is subject to verification and is not guaranteed.
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