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.**
Details
| MLS # | ML82062929 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1898 |
| Days On Site | 16 |
| Listing Provided By | Coldwell Banker Realty | Wesley Craig |
Features
| SQ Feet | 2,620 |
|---|---|
| Garage | 3 |
| Car Port | Yes |
| Story(s) | 2 |
| Building(s) | 8 |
| Zoning | RM |
| Acreage | 0.14 |
Interior
| Cooling | None |
|---|---|
| Heating | Central, Floor Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Composition |
|---|---|
| Foundation Details | Concrete Perimeter |
Parking
| Garage Yes / No | Yes |
|---|
Taxes
| Property | 19200 |
|---|
Area Information
| State | CA |
|---|---|
| County | Santa Clara |
| City | San Jose |
| Zip Code | 95112 |
| Area | 699 Not Defined |
| Listing VS Median (in 95112) | |
Price: $999,888 low | high Med: $1,577,500 sqft: 2,620 low | high Med: 3,148 $ / sqft: $382 low | high Med: $501 On site: 16 low | high Med: 66.5 | |
Market Activity 95112
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Learn More About This Property
| State | CA |
|---|---|
| County | Santa Clara |
| City | San Jose |
| Zip Code | 95112 |
| Area | 699 Not Defined |
| Listing VS Median (in 95112) | |
Price: $999,888 low | high Med: $1,577,500 sqft: 2,620 low | high Med: 3,148 $ / sqft: $382 low | high Med: $501 On site: 16 low | high Med: 66.5 | |