467 S 3rd Street, San Jose, CA 95112
467 S 3rd Street, San Jose, CA 95112
467 S 3rd Street, San Jose, CA 95112
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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660
$999,888
Est. payment /mo
8 Beds
2,620 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Pending

Purchase Type For Sale

Square Footage 2,620 sqft

Price per Sqft $381

MLS Listing ID ML82062929

Bedrooms 8

HOA Y/N No

Year Built 1898

Lot Size 6,210 Sqft

Property Sub-Type Triplex

Property 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.**

Location

State CA

County Santa Clara

Zoning RM

Interior

Heating Forced Air, Natural Gas

Cooling No Air Conditioning

Fireplace No

Building

Water Public

New Construction No

Schools

School District San Jose Unified

Others

Tax ID 46747029

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Bridge MLS
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Listed by Jordy Bharati • Coldwell Banker Realty

NEARBY SCHOOL & BUSINESS

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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660

Realtors DRE01254724 / 01254725

Realtors DRE01254724 / 01254725

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