$1,100,000
Charming Victorian-style duplex located in the heart of San Jose's vibrant downtown district, near restaurants, transit, City Hall, and all the urban conveniences the city has to offer. Excellent opportunity for investors, owner-occupiers, multigenerational family purchasers, or those seeking additional space for home offices, guest rooms, or income-generating opportunities. Currently rented by the room and fully occupied, the property delivers a 6.0% CAP RATE DAY ONE to investors! The duplex is comprised of 6 bedrooms and 2 bathrooms (3 basement level rooms and 3 main level rooms). Tenants enjoy a grand entrance to the main home, updated kitchens, gated front yard and back deck space, a large private & secured / gated parking area in the rear with 7 spaces and extra private storage lockers. There are 2 separate laundry areas, each equipped with a washer & dryer. Located near San Jose State University, major employment centers, dining, transit, and freeway access, this home offers everyday ease in a dynamic and connected neighborhood. San Jose is undergoing a once-in-a-generation urban transformation, with $10B+ in approved development including Googles massive Downtown West project, major public transit growth & over 20M SF of office & mixed-use construction in the pipeline.
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Listed by Matthew Thomson with Compass (415) 874-5000
Property Type
Duplex
Status
Active
MLS Number
ML82040470
Year Built
1898
Lot Size
5,889 sq ft