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San Jose,CA 95136
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 3,544 sqft
Price per Sqft $462
MLS Listing ID ML82007376
Year Built 1963
Annual Tax Amount $40,000
Lot Size 7,148 Sqft
Property Sub-Type Quadruplex
Property Description
STRONG STABLE INCOME STREAM FOURPLEX, Highly desirable low vacancy rental area on Capitol Expressway and Pearl behind the Toyota Dealership. All current tenants are family-oriented and have been here 2-16 years. This is a larger than average 4plex and has a great unit mix which consists of (1) 3Br/2ba (1) 1Br/1Ba and (2) 2br/1Ba receiving about $9300/month (+/-$111,600yr) The property maintains a low vacancy rate with reliable long-term tenants who pay on time, covering their own electricity costs. Monthly rents range from $1,800 to $3,150 per unit. The sale includes all fixtures, equipment, and essential appliances, such as refrigerators and oven ranges in all units. Most tenants are on month-to-month leases, and all like to stay for the long term. Two out of Four units been updated and remodeled. Overall this is a great property that generates a higher income than most. This location is only minutes away from the 85/87 highway and 280 fwy. There are lots of nearby day-to-day conveniences such as supermarkets, fast food, fuel, big box chain stores,etc. This is a rare opportunity in a prime San Jose location with strong rental demand. Do not go and walk on the property and disturb the tenants.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning RM
Interior
Heating Central
Cooling Gas
Flooring Laminate,Tile
Laundry None
Exterior
Parking Features Underground,Unassigned
View Y/N No
Roof Type Shingle
Building
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Schools
Elementary Schools Other
Middle Schools John Muir
School District San Jose Unified
Others
Special Listing Condition Standard