4
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Listed by Wesley Craig • Coldwell Banker Realty, DRE#02114426
$999,888
Est. payment /mo
8 Beds
4.5 Baths
2,620 SqFt
New
467 S 3rd ST San Jose, CA 95112
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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
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
Garage Spaces 3.0
Utilities Available Individual Electric Meters
Roof Type Composition
Building
Story 2
Foundation Concrete Perimeter
Sewer Sewer Connected, Sewer in Street
Water Public
Level or Stories 2
Others
Tax ID 467-47-029
Security Features None
Horse Property No
Special Listing Condition Not Applicable
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