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Listing Courtesy Of:
SiliconValley MultiFamilyGroup, 408-356-1900, Michael Shields
Local Realty Services Provided By:
Keller Williams Realty- Silicon Valley
Overview
What It'll Cost
Neighborhood
Similar Homes
San Fernando, San Jose, CA 95112
San Fernando, San Jose, CA 95112
Estimation provided by Keller Williams Realty Inc.
pending
For Sale
Property Description
A unique rental property, directly across the street from San Jose State University. This 5-unit apartment building actually has 6 legal units! There are three, 2BD/1BA units; two, 1BD/1BA units & a permitted, legal, 3BD/2BA+office SRO unit. The building is classified as 5-unit building only because there are 5 on-site parking spaces, but there are six (6) legal, permitted units. All the units are fully rented. The 3-bedroom unit is currently being rented as an SRO unit (Single Room Occupancy). The unit can continue to be operated in this manner or it can be rented out as a fully functional 3BD/2BA+office unit with minor modifications. There is also a laundry room with appliances within this unit.
There is large upside potential with this property. The rents are below market, especially due to its proximity to San Jose State University, and although the units are in reasonably good condition, they could be upgraded to generate considerably higher revenue. At present the building generates $11,935 in monthly revenue. But could be generating up to $14,700/month with renovations and strong management.
The building is ideally located for both student or workforce rentals. Full marketing package and disclosures available.
There is large upside potential with this property. The rents are below market, especially due to its proximity to San Jose State University, and although the units are in reasonably good condition, they could be upgraded to generate considerably higher revenue. At present the building generates $11,935 in monthly revenue. But could be generating up to $14,700/month with renovations and strong management.
The building is ideally located for both student or workforce rentals. Full marketing package and disclosures available.
Property Details
Compare This Home
Overview
Property Type
Five Or More Units
Property Size
Year Built
1951
Days on Site
108 Days
HVAC
Wall Furnace
Parking
5 Parking Spaces
Activity History
VIEWS
SAVES
SHARES
Data provided by Keller Williams Realty, Inc.
Upcoming Open Houses
(Local time)
No open houses are currently scheduled for this property. Don't worry - you can always schedule a tour, or get additional help from your agent.
Estimated Monthly Payment
Purchase Price:
$1,750,000
Principal + Interest
Property Tax
Home Insurance
HOA/Condo Fee
Mortgage Insurance
Monthly Payment
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Price & Tax History
Date
Event
Price
12/10/2024
Listed
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2023
(+3.51% )
Land 175,697 +
Additions 327,647
2021
(+1.35% )
Land 168,875 +
Additions 314,925
2020
(+2.13% )
Land 165,564 +
Additions 308,750
2019
(+1.21% )
Land 163,867 +
Additions 305,585
2018
(+4.15% )
Land 160,654 +
Additions 299,594
2016
Land 154,416 +
Additions 287,961
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
Explore Horace Mann
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Transit & Commute
Estimated commute times from Horace Mann
Car-Dependent
Walkable
Very Walkable
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