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In-PersonVirtual Tour

$ 999,888

Est. payment | -/mo

8 Beds

4.5 Baths

2,620 SqFt

Save

$ 999,888

Est. payment | -/mo

Save

8 Beds

4.5 Baths

2,620 SqFt

Open House

Sat Oct 03, 2:00pm - 4:00pm

Sun Oct 04, 2:00pm - 4:00pm

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,620 sqft

Price per Sqft $381

Lot Size 6,210 Sqft

MLS Listing ID ML82062929

Bedrooms 8

Full Baths 4

Half Baths 1

Property Description

**CASH FLOW! CASH FLOW! CASH FLOW!** Exciting Downtown San Jose investment opportunity generating **$13,862 per month in current scheduled rent $166,344 annually**. 467 S. 3rd Street offers an established income stream with **8 income-producing room rentals**, with subsidized and self-pay tenants. Based on current rents and financing assumptions, the property has the potential to **remain cash-flow positive with as little as 20% down**, creating an attractive opportunity for investors focused on immediate income. **Strong gross income, tenants already in place, and cash-flow potential from day one.** The property is legally recognized as a triplex under its Residential Occupancy Permit, with rooms rented individually. Buyers are encouraged to review all financial information, disclosures, permits, occupancy/use information, expenses, and perform their own due diligence regarding the property and projected cash flow. **IMPORTANT SHOWING INFORMATION:** Property is tenant occupied with limited access. **All showings will be held during one open house weekend only:** **Saturday, October 3 | 2:00 - 4:00 PM** **Sunday, October 4 | 2:00 - 4:00 PM** **Mark your calendars and don't miss the open house weekend.** OFFER DUE DATE: Tuesday, October 6th by 2:00 PM.

Location

State CA

County Santa Clara

Area Central San Jose

Zoning RM

Area Central San Jose

Interior

Heating Central Forced Air, Floor Furnace , Gas

Cooling None

1-purchase type For Sale

Exterior

Garage Detached Garage, Parking Area

Garage Spaces 3

Utilities Available Individual Electric Meters

Roof Type Composition

Building

Story 2

Foundation Concrete Perimeter

Sewer Sewer Connected, Sewer in Street

Water Public

Story 2

Others

Tax ID 467-47-029

Security Features None

Horse Property No

Special Sale Not Applicable

Listed by Wesley Craig of Coldwell Banker Realty
Bought with Wesley Craig of Coldwell Banker Realty

467 S 3rd ST San Jose, CA 95112