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Listed by Jimmy Castellanos • Marcus & Millichap
$8,500,000
Est. payment /mo
25,855 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 25,855 sqft
Price per Sqft $328
MLS Listing ID ML82016658
HOA Y/N No
Year Built 1964
Lot Size 0.580 Acres
Property Sub-Type Other
Source Datashare MLSListings
Property Description
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.
Location
State CA
County Santa Clara
Interior
Heating Wall Furnace
Fireplace No
Laundry Coin Operated
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Deeana Owens
Broker | Owner | CA BRE#CA: 02015510, GA: 295613
Broker | Owner CA BRE#CA: 02015510, GA: 295613