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$ 999,888
Est. payment /mo
Open Sat 2PM-4PM
467 S 3rd Street San Jose, CA 95112
8 Beds
2,620 SqFt
Open House
Sat Oct 03, 2:00pm - 4:00pm
Sun Oct 04, 2:00pm - 4:00pm
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
HOA Y/N No
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
Zoning RM
Interior
Heating Forced Air, Natural Gas
Cooling No Air Conditioning
Fireplace No
Building
Water Public
New Construction No
Schools
School District San Jose Unified
Others
Tax ID 46747029
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Listed by Wesley Craig • Coldwell Banker Realty