Gardens & The Ninth Apts
649 & 659 S. 9th Street | San Jose, CA
Sq. Feet 16,988
The Gustavson Group of Compass Commercial is pleased to announce the exclusive marketing of 1415 Tami Lee Drive, in San Jose, California.
Over 45% upside from current rents to market rents, this is an amazing opportunity to increase your cashflow to over a 5.40% cap rate. All exterior Section 1 work is on schedule to be repaired, replaced, and completed prior to closing. – Priced well-below the comparable sales.
Cap Rate: 2.81% NOI: $38,228 Livable Sq. Ft: 3,264
Built in 1970 4 units Lot Sq. Ft: 7,913