467 S 3rd Street, San Jose, California, United States, 95112
999,888
for Sale
6,210
About the property:
**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.
- Property Type:
- Triplex
- Status:
- for Sale
- Acres:
- 0.1426
- Square Feet:
- 2620
- Water:
- Public
- Heating:
- Forced Air, Natural Gas
- Association Fee:
- 0
- Is Den:
- Yes
- Is Forced Air:
- Yes
- Is Investment:
- Yes
- Is Investment Opportunity:
- Yes
- Listing ID:
- 52492401
Rooms
Dimensions
Brokered by:
Coldwell Banker Realty
Presented By: