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.
For sale
Price cut: $300K (10/1)
$8,200,000
South 10th, San Jose, CA 95112
--beds
--baths
25,855sqft
Est.:
Five Or More Units
Built in 1964
-- sqft lot
$7,696,700 Zestimate®
$317/sqft
$-- HOA
What's special
Functional layoutMaximum privacySpacious two-bedroom two-bath units
- 64 days |
- 66 |
- 4 |
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