497 Leigh Avenue
San Jose, CA 95128
Sq. Feet 6,098
Marcus and Millichap is proud to present 616 South 8th Street to the Bay Area investment community. The subject property is of true pride-of-ownership quality and has a desirable unit mix consisting of eight one-bedroom/one-bathroom apartments. The single two-story building consists of approximately 4,674 square feet of living space and is situated on a 0.21 acre parcel of land.
New double pane windows have been installed in all units. In addition, many of the units have been remodeled with all new tile flooring, bathtubs, sinks, toilets and Peugeot flooring in the bedrooms and living rooms. 616 South 8th Street has been landscaped professionally to maintain a uniform appearance. The subject property benefits from a prime Downtown San Jose location within walking distance to San Jose State University as well as many shopping and dining options. Highways 280, 101, 880 and 87 are also within close proximity, providing easy access to all major bay area destinations.
616 South 8th Street offers an investor a unique opportunity to own a true pride-of-ownership, value-add investment property in the Bay Area’s fastest growing sub-market.
Cap Rate: 5.07% NOI: $84,331 Livable Sq. Ft: 4,674
Built in 1955 8 units Lot Sq. Ft: 9,147