$3,445,000
$3,450,000
0.1%For more information regarding the value of a property, please contact us for a free consultation.
9,600 Sqft Lot
SOLD DATE : 04/10/2023
Key Details
Sold Price $3,445,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81912637
Sold Date 04/10/23
HOA Y/N No
Year Built 1957
Annual Tax Amount $45,831
Lot Size 9,600 Sqft
Property Description
Located in the heart of Downtown San Jose, 515 E. William Street features a desirable unit mix of (4) 2+1s and (8) 1+1s all of which have upgrades including quartz or granite countertops and shaker-style cabinetry in kitchens and baths. The well maintained property features double pane windows throughout, (2) washers and (2) dryers, and a basement with ample owners storage and (2) washers and (2) dryers. The property is convenient to transit and daily retail amenities, is walking distance to San Jose State University, and benefits from proximity to world-renown employers. Existing debt is assumable at historically attractive rate and remaining term (3.05% fixed for another +/- 3.5 years). Strong in-place financial performance: GIM of 12.26 and Current CAP Rate of 5.61%. This is part of a three-property portfolio and may be acquired individually or in combination with 143 N. 8th and 751 S. 3rd Streets, providing a Buyer with an optimal capital deployment strategy.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning RM
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Carport Spaces 6
Roof Type Bitumen
Total Parking Spaces 7
Building
Water Public
Schools
School District San Jose Unified
Others
Tax ID 46749060
Special Listing Condition Standard
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Bought with John Adams • Presidential Real Estate
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