About 502 N 18th St
Marcus & Millichap is pleased to present the investment opportunity North 18th Flats located at 502, 504, 506 and 508 N. 18th Street San Jose, California. This attractive, four-unit apartment complex is situated on a parcel of land totaling 0.25 acres and features a gross building area of approximately 4308 square feet. The property features two duplex style buildings four three bed/one bath units of about 1077 square feet. Each unit contains modern appliances, upgraded windows, and washer dryer hook ups. The property offers an in place Cap Rate of 5.55 with a 13.01 GRM - PROFORMA CAP RATE OF 7.46 and 10.47 PROFORMA GRM
Features of 502 N 18th St
| MLS® # | ML82050750 |
|---|---|
| Price | $1,900,000 |
| Square Footage | 4,308 |
| Square Footage | Assessor |
| Acres | 0.25 |
| Year Built | 1971 |
| Type | Multi-Residential |
| Sub-Type | Fourplex |
| Status | Active |
Community Information
| Address | 502 N 18th St |
|---|---|
| Area | Central San Jose |
| City | SAN JOSE |
| County | Santa Clara |
| State | CA |
| Zip Code | 95112 |
Amenities
| Utilities | Public Utilities |
|---|---|
| Parking Spaces | 6 |
| Garages | Off-Street Parking, On Street, Parking Area |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall Furnace |
|---|---|
| Cooling | Other |
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Roof | Other |
|---|---|
| Foundation | Other |
Additional Information
| Zoning | R3B |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Michael Henshaw |
|---|---|
| Office | Marcus & Millichap |
| Contact Info | 650-269-6453 |