Marcus and Millichap is proud to present 650 South 8th Street to the Bay Areas investment community. 650 South 8th Street is a 17-unit apartment building located just two blocks from San Jose State University in the heart of the Silicon Valley. Constructed in 1953, the subject property contains 9,769 square feet of livable space situated on a 15,732 square foot lot. The unit mix consists of 15 one-bedroom/one-bath units and two quality two-bedroom/one-bath units. The property has recently gone through some extensive capital improvements including dual-pane windows, and updated kitchens including counters, appliances and cabinets in fifteen out of the seventeen units. The property has assigned covered/carport parking spaces, coin operated laundry room, and a center courtyard perfect for relaxation in the midst of the hustle and bustle of Downtown San Jose. **SELLER WILL NOT ENTERTAIN AN OFFER BELOW ASKING PRICE**OPEN HOUSE 6/7/2017 FROM 2:00 P.M.- 4:00 P.M. Please contact listing agents if you plan to attend
The property is located walking distance from San Jose State University who was recently recognized as the Nation' s #6 Best Public School for the Western Region according to the Best Colleges Rankings U.S. News and World Report. San Jose State is an anchor of the Silicon Valley with thousands of graduates feeding into some of the top companies in the world. The subject property is the perfect choice for students, and the working professionals of the Silicon Valley. Highways 280, 101, 880 and 87 are also within close proximity, providing easy access to all major bay area destinations. With the Downtown San Jose Market undergoing a tremendous amount of growth in recent years 650 South 8th Street is a great opportunity for both a cash flow and appreciation minded investor.
