Home | Santa Clara County | San Jose | 95112 | 155 S 11th St
MLS: ML82004258 | Status: | Price: $3,250,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Acres Lot | Yr Built |
|---|---|---|---|---|
| – | – | 10,893 | 0.36 | 1959 |
Unique Oppty to Achieve 5.63% Cap or 7.39% Cap Within 3 to 6-Months. 3-Minute Walk to SJSU. Rare 25-Bedroom (With 29-Bedroom Potential) Student Housing. Fully-Vacant. SJSU Fraternity House With 10,893 SF on 3 Levels + Basement. Rehab 25 BRs, PLUS Add 4 Bedrooms to Achieve Income of 29 BRs of High-Quality Student Rental. Student Leases: August 1 to July 31, Offer Secure, Steady Cashflow w/ Minimal Vacancies. Extremely Supply-Constrained Student Housing Market Near SJSU. Considerable Interior Space w/ Numerous Repositioning Opportunities to Help Investor Achieve Premium Rents. Spacious Second and Third Floor Bedrooms (+/- 145 SF Bedrooms with 9' Ceilings) Offer Panoramic Views of SJ and SJSU Campus. 25-Parking Spaces Rear of Property - Investors May Lease Out or Include Parking in Rent for Additional NOI. Income-Generating Ideas: Onsite Gym, Movie Room, Bike Storage, Pickleball Courts, Solar Panels, Etc. CURRENT CAP Rate (If Rehab Existing Bedrooms, Baths & Kitchen): 5.63%; GRM: 10.4 (Cap Rate Inclusive of $300,000 Property Rehab Budget); Cost/SF: $367/SF. PRO-FORMA CAP Rate (If Rehab Existing Bedrooms, Baths & Kitchen PLUS Add 4 Bedrooms on Ground Floor): 7.39%; GRM: 8.9 (Inclusive of $300,000 Property Rehab + $140,000 Additional Bedrooms Budget); Cost/SF: $367/SF.
| Field | Value |
|---|---|
| MLS # | ML82004258 |
| MLS Source | MLSListings, Inc. |
| Feature | Details |
|---|---|
| Appliances | Dishwasher, Oven Range - Gas |
| Laundry | Coin Operated |
| Cooling | None |
| Heating | Electric, Forced Air |
| Feature | Details |
|---|---|
| Roof | Fiberglass |
| Foundation | Reinforced Concrete |
| Feature | Details |
|---|---|
| Garage/Parking | Parking Area, Garage: 0 Car(s) |
| Elementary District | San Jose Unified |
| High School District | San Jose Unified |
| Sewer | Public Sewer |
| Water | Public |
| Zoning | RM |
Don Sung
Colliers Parrish International, Inc.
License #: 01935797
Phone: (650) 380-5188
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 0 | 25 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 145 | 1 | 1/0 | $1,400 | $1,500 | 24 |
| 2 | 408 | 1 | 1/0 | $2,000 | $2,500 | 1 |
School data provided by GreatSchools.org
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This listing information is up-to-date as of January 30, 2026. For the most current information, please contact Don Sung, (650) 380-5188.