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581 S 8th St, San Jose, CA 95112

4 Bed Multi-Family Home For Sale

581 S 8th St, San Jose, CA 95112 House For Sale - MLS #ML81638080
$1,589,000
4
Multi-Family
4 Family
This listing is courtesy of Justin Bautista from Newmark Cornish & Carey.

Property Description for 581 S 8th St, San Jose, CA 95112

Stylish 4-plex completely renovated in 2014/15. True Pride of Ownership! Turnkey opportunity. New composition shingle roof, dual paned windows. Upgraded electrical (50 amps / unit) and upgraded copper plumbing. Remodeled bathrooms and kitchens. Built-in microwaves, granite countertops, new cabinets. Work completed with permits. Hardwood floors throughout. Drought tolerant landscaping. Concrete driveway and parking area. On-site laundry. 2 units feature large private patios. Extremely low maintenance building. 2 blocks to San Jose State University. Convenient to freeways, restaurants, etc. Outstanding in-place rents - $8,500/month. Current GRM: 15.58 and Current Cap Rate: 4.52%.

Interior Details

2,592 sq. ft.
$613.04/sq. ft.
Sewer - Public
Public

Exterior Details

0.09 acres
4,095 sq. ft.
Assigned Spaces; Carport; Leased Parking
Concrete Perimeter

Other Details

ML81638080
1950
$8,204

Units Description

Unit #1
Living Area: 648 sq. ft.      Bedrooms: 1      Rent: $2,000     

Unit #2
Living Area: 648 sq. ft.      Bedrooms: 1      Rent: $2,080     

Unit #3
Living Area: 648 sq. ft.      Bedrooms: 1      Rent: $2,030     

Unit #4
Living Area: 648 sq. ft.      Bedrooms: 1      Rent: $2,094     

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Courtesy of Justin Bautista from Newmark Cornish & Carey


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Monthly Mortgage Payments

$7,218
$10,053

Town Description

Prior to European settlement, the area was inhabited by several groups of Ohlone Native Americans[8] The first lasting European presence began with a series of Franciscan missions established from...

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