617 S 9th St, San Jose California 95112
Size: 14 Units
Price: $3,850,000

The Azucena Group of Marcus & Millichap is pleased to present the opportunity to acquire The Stacks, a remarkable 14-unit apartment building situated in downtown San Jose in the heart of the Silicon Valley. The property, located at 617 S 9th Street, is comprised of 12 studio units and two, one-bedroom/ one-bathroom units. Over the last 5 years the property has been extensively renovated both on the interior and exterior. The Stacks is uniquely positioned in today’s Bay Area for-sale apartment market. Rent control at the statewide and city level limits investors' immediate and short-term returns in instances where a property's rents are far below market. Whereas the majority of properties being marketed today have rents well below market, The Stacks presents an investor the opportunity to acquire a property that provides exceptional returns at the moment of acquisition.