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Natalie Miranda
marketing@thewhipplegroup.com$ 8,500,000
Est. payment | /mo
0.58 Acres Lot
$ 8,500,000
Est. payment | /mo
0.58 Acres Lot
OPEN HOUSE
Wed Aug 06, 12:00pm - 1:00pm
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82016658
HOA Y/N No
Year Built 1964
Annual Tax Amount $97,181
Lot Size 0.580 Acres
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
Area 699 - Not Defined
Zoning RM
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Carport Spaces 33
Roof Type Composition,Shingle
Building
Water Public
Schools
Elementary Schools Lowell
Middle Schools Herbert Hoover
High Schools Abraham Lincoln
School District San Jose Unified
Others
Tax ID 47229098
Special Listing Condition Standard
Listed by Jimmy Castellanos Marcus & Millichap
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Natalie Miranda
Marketing Director | License ID: 02122928