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$8,200,000
Est. payment /mo
25,855 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 25,855 sqft
Price per Sqft $317
MLS Listing ID ML82016658
HOA Y/N No
Year Built 1964
Lot Size 0.580 Acres
Acres 0.58
Property Sub-Type Other
Property Description
6.14% cap rate // 9.81 GRM based on current rents. 100% 2x2 floor plans. Marcus & Millichap is excited to present Kennedy Hall, a rare opportunity to acquire a well-located, multifamily asset just steps from San Jose State University. The property features 28 spacious two-bedroom, two-bath units totaling approximately 25,855 square feet of rentable space on a 0.58-acre lot. Built in 1964, Kennedy Hall offers a highly functional layout ideally suited for student housing or working professional roommates, with each unit having an ideal two-bedroom layout with maximum privacy. This optimal rental configuration, combined with the propertys close proximity to campus and an assumable Chase Bank loan fixed at 4.51% through August 2029, makes Kennedy Hall a prime choice for investors seeking strong cash flow and long-term demand.
Location
State CA
County Santa Clara
Zoning RM
Interior
Heating Wall Furnace
Fireplace No
Laundry Coin Operated
Building
New Construction No
Others
Tax ID 47229098
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Listed by Jimmy Castellanos • Marcus & Millichap
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