STRONG STABLE INCOME STREAM FOURPLEX, Highly desirable low vacancy rental area on Capitol Expressway and Pearl behind the Toyota Dealership. All current tenants are family-oriented and have been here 2-16 years. This is a larger than average 4plex and has a great unit mix which consists of (1) 3Br/2ba (1)… Read More 1Br/1Ba and (2) 2br/1Ba receiving about $9300/month (+/-$111,600yr) The property maintains a low vacancy rate with reliable long-term tenants who pay on time, covering their own electricity costs. Monthly rents range from $1,800 to $3,150 per unit. The sale includes all fixtures, equipment, and essential appliances, such as refrigerators and oven ranges in all units. Most tenants are on month-to-month leases, and all like to stay for the long term. Two out of Four units been updated and remodeled. Overall this is a great property that generates a higher income than most. This location is only minutes away from the 85/87 highway and 280 fwy. There are lots of nearby day-to-day conveniences such as supermarkets, fast food, fuel, big box chain stores,etc. This is a rare opportunity in a prime San Jose location with strong rental demand. Do not go and walk on the property and disturb the tenants. Read Less
Courtesy of KW Silicon City, Larry Giang 408-421-3343
Listing Snapshot
Days Online
15
Last Updated
Property Type
Fourplex
Square Ft.
3,544
Lot Size
0.16 Acres
Year Built
1963
MLS Number
ML82007376
30 Days Snapshot Of 95136
$1.32M
+1%
(avg) sold price
21
-22%
homes sold
17
+13%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 7150.00, Max Area Units: Square Feet
Unit One
3 bedrooms in unit 1, Unit 1: approximately 1,200 square feet, Unit 1 rent: $3,150
Unit Two
2 bedrooms in unit 2, Unit 2: approximately 850 square feet, Unit 2 rent: $2,450
Unit Three
2 bedrooms in unit 3, Unit 3: approximately 850 square feet, Unit 3 rent: $1,900
Unit Four
1 bedroom in unit 4, Unit 4: approximately 644 square feet, Unit 4 rent: $1,800
Accessibility Features
Grab Bars, Parking, Other
Amenities
Other
Building
Built in 1963, 4 building units, 1 building, Traditional, 3,544 structure square feet
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