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Calling all savvy investors! This is your chance to own a triplex with great upside! The three 1BD/1BA units which include a four car garage and backyard are rented for a current total income of $4,320/month. Property needs work but the opportunity for a high-impact facelift is definitely there! Comparative market rates in the area support potentially higher rents once improvements are made. Please drive by but do not disturb tenants. Location is just blocks from downtown, parks, shopping, and San Jose State University’s east campus.
Triplex • Single story Living • 1 bedroom - 1 bathroom units • Laundry/utility room in each unit • Eat-in kitchen • 4 car garage (1 attached/3 detached) • 2006 sq. feet • 5517 sq. feet lot (per realist) • Corner lot location • Private fenced backyard • Total rental income of $4320/month • Great opportunity for high impact facelift • Close to Hwy 101 • Blocks from downtown, parks, shopping and San Jose State’s East Campus
With a population of nearly 1 million, San Jose is the largest Bay Area city and the third-largest city in California.
Founded in 1777, San Jose was California’s first civilian settlement and one of the first incorporated cities in the state. It also served as California’s first state capital. The countless activities available and the proximity to some of the region's largest technology companies are two of the main reasons people live in San Jose.
San Jose offers great access to public transit, with service from Amtrak, Caltrain, the Santa Clara Valley Transportation Authority, and other agencies. The city has its own airport, Norman Y. Mineta San Jose International Airport. Museums include the Children’s Discovery Museum of San Jose, the San Jose Museum of Art, The Tech Museum of Innovation, and the San Jose Steam Railroad Museum. Sports fans have several teams to follow, include the San Jose Sharks, the San Jose Earthquakes, the San Jose Giants minor-league baseball club, and the San Francisco 49ers, who recently relocated to neighborhing Santa Clara. Santana Row remains a popular dining and shopping destination.
San Jose’s median household income is $82,000, and its median home value is $560,000, according to 2013 United States Census Bureau data. Of the city’s 314,038 housing units, 58 percent are owner occupied.