467 S 3rd ST, San Jose, CA 95112
- $999,888
- 8
- BD
- 2,620
- SqFt
Listed by Wesley Craig, 408-772-0087 from Coldwell Banker Realty
(If provided) CoList: from
- List Price
- $999,888
- MLS#
- ML82062929
- Status
- ACTIVE
- Zoning
- RM
- Sqft. of Residence
- 2,620
- Lot Size
- 6,210
- Listing Area
- Central San Jose
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
- Cooling System
- None
- Foundation
- Concrete Perimeter
- Garage Parking
- Detached Garage, Parking Area
- Heating System
- Central Forced Air, Floor Furnace, Gas
- Living Area
- 2,620
- Lot Size
- 6,210
- Neighborhood
- Central San Jose
- Other Utilities
- Individual Electric Meters
- Roof
- Composition
- Sewer
- Sewer Connected, Sewer in Street
- Unincorporated Yn
- Yes
- Zoning
- RM
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