San Jose, CA 95112,515 E William Street
$3,445,000
$3,450,000
0.1%
Est.Price: ?

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7,620 SqFt

515 E William Street San Jose, CA 95112

Est. payment /mo
SOLD DATE : 04/10/2023

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Key Details

Sold Price $3,445,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 7,620 sqft

Price per Sqft $452

MLS Listing ID ML81912637

Sold Date 04/10/23

HOA Y/N No

Year Built 1957

Lot Size 9,602 Sqft

Acres 0.22

Property Description

Located in the heart of Downtown San Jose, 515 E. William Street features a desirable unit mix of (4) 2+1s and (8) 1+1s all of which have upgrades including quartz or granite countertops and shaker-style cabinetry in kitchens and baths. The well maintained property features double pane windows throughout, (2) washers and (2) dryers, and a basement with ample owners storage and (2) washers and (2) dryers. The property is convenient to transit and daily retail amenities, is walking distance to San Jose State University, and benefits from proximity to world-renown employers. Existing debt is assumable at historically attractive rate and remaining term (3.05% fixed for another +/- 3.5 years). Strong in-place financial performance: GIM of 12.26 and Current CAP Rate of 5.61%. This is part of a three-property portfolio and may be acquired individually or in combination with 143 N. 8th and 751 S. 3rd Streets, providing a Buyer with an optimal capital deployment strategy.

Location

State CA

County Santa Clara

Area Listing

Zoning RM

Interior

Interior Features Updated Baths, Updated Kitchen

Heating Wall Furnace

Fireplace No

Laundry Coin Operated

Exterior

Parking Type Covered, Assigned

Building

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 46749060

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Bridge MLS
Listed by Joel Hopman • Newmark Cornish & Carey
Bought with JohnAdams

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