Compass Commercial is pleased to announce the exclusive listing of 242 S. 10th Street, a rare opportunity to own a well-maintained six-unit multifamily property in the heart of Downtown San Jose, directly across from San Jose State University. Built in 1982, this fully leased multifamily investment boasts six (6) individually… Read More parceled two-story townhome style 2-Bedroom/1.5-+Bath townhomes spanning 982 sq. ft. each. Each unit has a private 2-car or 1 car garage, in-unit washer/dryer, central forced heating system, and private upstairs deck off of the primary bedroom. This property offers strong cash flow with a current 5.82% cap rate, and tenants pay their own utilities, including water and PG&E. Recent capital improvements include exterior paint in 2021, a new asphalt driveway in 2023, termite tenting in 2018, and a complete roof replacement in 2011. Located just steps from SJSU and surrounded by downtown amenities, dining, entertainment, and major transportation corridors, this property is positioned for strong income on day one, long-term rental demand and appreciation. Read Less
Courtesy of Compass, Nate Gustavson 415-786-9410
Listing Snapshot
Days Online
2
Last Updated
Property Type
Five Or More Units
Square Ft.
5,892
Lot Size
0.07 Acres
Year Built
1982
MLS Number
ML81994832
30 Days Snapshot Of 95112
$1,072k
+6%
(avg) sold price
5
-44%
homes sold
36
-36%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 2874.96, Max Area Units: Square Feet, Lot is 0.066 acres
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