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Drake Cruz

drake@drake4homes.com +1(562) 884-9016

$ 999,888

Est. payment | -/mo

2,620 SqFt

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$ 999,888

Est. payment | -/mo

Save

2,620 SqFt

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

HOA Y/N No

Year Built 1898

Annual Tax Amount $19,200

Lot Size 6,211 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 699 - Not Defined

Zoning RM

Interior

Heating Central, Floor Furnace

Cooling None

Fireplace No

Exterior

Garage Spaces 3.0

Carport Spaces 5

Garage Description 3.0

View Y/N No

Roof Type Composition

Accessibility Parking

Building

Story 2

Foundation Concrete Perimeter

Water Public

Schools

School District San Jose Unified

Others

Tax ID 46747029

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Wesley Craig Coldwell Banker Realty #02114426

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(562) 884-9016

drake@drake4homes.com

6621 E Pacific Coast Hwy #150, Long Beach, CA 90803, USA

467 S 3rd ST San Jose, CA 95112

Drake Cruz

Key Details

Location

Interior

Exterior

Building

Schools

Others

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467 S 3rd ST