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Listed by Wesley Craig, DRE #02114426 • Coldwell Banker Realty
$ 999,888
Est. payment /mo
New
467 S 3rd ST San Jose, CA 95112
8 Beds
4.5 Baths
2,620 SqFt
UPDATED:
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
MLS Listing ID ML82062929
Bedrooms 8
Full Baths 4
Half Baths 1
Year Built 1898
Lot Size 6,210 Sqft
Property Sub-Type Triplex
Source MLSListings, Inc.
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
Interior
Heating Central Forced Air, Floor Furnace , Gas
Cooling None
Exterior
Parking Features Detached Garage, Parking Area
Utilities Available Individual Electric Meters
Roof Type Composition
Building
Foundation Concrete Perimeter
Sewer Sewer Connected, Sewer in Street
Water Public
Others
Tax ID 467-47-029
Special Listing Condition Not Applicable
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