627 S 3rd St
San Jose,
CA
95112
Property Details
List Price: |
$1,588,000 |
Beds: |
9 |
Baths: |
4 |
Status: |
Active |
SqFt: |
2388 |
Agency: |
Intero Real Estate Services, Inc. |
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Description/Comments
Lot Size: |
-- |
Property Type: |
Residential |
Year Built: |
1898 |
Notes: |
EXCELLENT INCOME PROPERTY! Perfect for investors or income-minded buyers who can live in the building & rent out the rest. The county record shows "use code" as "3-4 units, any combination. Currently, it is used as 9 beds, 4 baths, 3 kitchens +2 dens. The 2-car detached garage is used as a recreational space. Another 4 cars in tandem could park inside the spacious gated yard. MANY UPDATES SINCE 2018, (NCLUDES NEW ROOF, downstairs AC, replaced most of the windows, LVP floor and carpet, 2 tankless water heaters, water softener, SS kitchen appliances, 2 sets of washer/dryer). 3 gas meters & 1 master water meter. Before Covid in 2019, the owner's rent roll with all rooms leased was about $105,000. Reduced vacancy since 2020 to better observe county Covid restriction! 1 of the 9 rooms is a studio w/1 of the 3 kitchens, private bath & entrance! In the heart of Downtown, Walk to San Jose State University, near cafes, restaurants & HWY280! Previous owner used the studio as the owner's unit and rented out the rest for income, future owner could easily use it as a Triplex If they wish, very flexible floor plan. As downtown companies are asking employees to come back in person and university staff & students are back in person, this property is in an excellent position for income growth! |
MlsNumber: |
ML81959543 |
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Listing Provided By: |
Intero Real Estate Services, Inc., original listing |
Name: |
Intero Real Estate Services, Inc. |
Phone: |
(866) 334-7356 |
Office Name: |
Intero Real Estate Services |
Office Phone: |
(650) 543-7740 |
Agent Name: |
Jessica Chung Yau |
Disclaimer: |
Copyright © 2024 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |