INVESTORS! THIS PROPERTY IS TRULY A CASH MAKING MACHINE - CAP RATE OF 5.5!! It's a truly rare offering, both an historic and architectural gem and an exceptional income property in one of Silicon Valley's most exciting locations. It's a business opportunity that is totally dialed in as a SRO,… Read More with 10 bedrooms and an addition 4 suites for a total of 14 doors under rent. This property has been extensively renovated and has an effective age closer to 20-30 years. Thoughtful modernization includes a daylight lower level living area, concrete perimeter foundation, dual-pane windows, and updated electrical, plumbing, kitchen, and bathrooms. The home sits on a beautifully kept block of period homes in the shadow of San Jose's iconic City Hall, just one block from San Jose State University and minutes from SoFA, San Pedro Square, Diridon Station, and the future BART extension. For investors, owner-users, or visionaries seeking a downtown landmark with exceptional cash flow and long-term upside, opportunities like this come along but rarely. Read Less
Courtesy of Compass, Seb Frey 408-358-1111
Listing Snapshot
Days Online
194
Last Updated
Property Type
Single Family Home
Beds
14
Full Baths
8
Square Ft.
6,582
Year Built
1900
MLS Number
ML82045003
Additional Details
Building
Built in 1900, Construction Materials: Wood, Wood Frame
Cooling
Window / Wall Unit
Floors
Tile, Wood
Foundation
Concrete Perimeter
Heating
Radiant Floors
Parking
Assigned Spaces, Common Parking Area, Off-Street Parking
Roof
Shingle, Composition
Taxes
Parcel Number: 467-24-032, Zoning: RM
Utilities
Public Utilities
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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than the office represented by this website are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. The broker providing this data believes the data to be correct, but advises interested parties to confirm all information before relying on it for a purchase decision. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings last updated on .
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