467 S 3rd Street, San Jose, CA 95112
- $999,888
- 2,620
- SqFt
- List Price
- $999,888
- Status
- ACTIVE
- MLS#
- ML82062929
- Year Built
- 1898
- Living Sq. Ft
- 2,620
- Lot Size
- 6,210
- Acres
- 0.14
- Days on Market
- 1
- Property Type
- Multifamily
- 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.
Additional Information
- Taxes
- $19,200
- Heat
- Central, Floor Furnace
- Cooling
- Yes
- Cooling Description
- None
- Roof
- Composition
- Garage Spaces Total
- 3
- Water
- Public
- School District
- San Jose Unified
- Attached Structure
- Detached
- Gross Scheduled Income
- $166,344
Listing courtesy of Listing Agent: Wesley Craig (homes@wesleycraigjr.com) from Listing Office: Coldwell Banker Realty.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.