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232 N 3rd Street

San Jose, CA 95112
  • $2,850,000
  • STATUS: Active
  • ON SITE: 145 Days
  • ID#: ML81969724
UPDATED: 9 min ago
$2,850,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1964
County:

School Ratings & Info

School District:
Listing Agent(s): Brandyn Kringen of West Vine Realty Inc ((408) 516-0406)


Description

10 units in central Downtown San Jose close proximity to San Jose State University, with upgrades including a New Roof, New Fences, New Paint, New Income Producing Laundry Facilities and more. This building is comprised of four 2Bed/1Bath, four 1Bed/1Bath, and two Studios. Financials will show an impressive rent roll with all 10 units leased, providing the new owner with immediate cash flow. Recently vacant units have been tastefully remodeled with hard flooring and updated countertops. The roof, gutters and downspouts were replaced in late 2023 by a licensed contractor. Refurbished exterior with new paint competed June 2024. Property is equipped with a remote control gate to provide security to tenants.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-07T07:30:20.857. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
www.mainstreetgroup.com/homes/151696618
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232 N 3rd Street San Jose, CA 95112

  • Price: $2,850,000
  • Status: Active
  • On Site: 145 Days
  • Updated: 9 min ago
  • ID#: ML81969724
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1964
Built
Neighborhood:
699 - Not Defined
County:
Santa Clara
Area:
699 - Not Defined
School District:
San Jose Unified
Property Description
10 units in central Downtown San Jose close proximity to San Jose State University, with upgrades including a New Roof, New Fences, New Paint, New Income Producing Laundry Facilities and more. This building is comprised of four 2Bed/1Bath, four 1Bed/1Bath, and two Studios. Financials will show an impressive rent roll with all 10 units leased, providing the new owner with immediate cash flow. Recently vacant units have been tastefully remodeled with hard flooring and updated countertops. The roof, gutters and downspouts were replaced in late 2023 by a licensed contractor. Refurbished exterior with new paint competed June 2024. Property is equipped with a remote control gate to provide security to tenants.
Exterior Features

Carport Spaces 6 Carport YN Yes Parking Total 2 Roof Shingle

Interior Features

Cooling None Cooling YN Yes Heating Wall Furnace Heating YN Yes

Property Features

Association Fee 0 Gross Scheduled Income 225200 Insurance Expense 9000 Listing Agreement Exclusive Right To Sell Maintenance Expense 4000 Other Expense 0 Special Listing Conditions Standard Tax Annual Amount 32863 Trash Expense 3126 Water Source Public Zoning CO



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-07T07:30:20.857. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
 
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Mainstreet Realtors®
10300 Fourth St. Ste 100
Rancho Cucamonga CA, 91730
Listing Agent(s): Brandyn Kringen of West Vine Realty Inc ((408) 516-0406)