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530 N 2nd Street

San Jose, CA 95112
  • $2,395,000
  • STATUS: Active
  • ON SITE: 148 Days
  • ID#: ML81851803
UPDATED: 31 min ago
$2,395,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1898
County:

School Ratings & Info

Description

People LOVE living at Tiffany Villa in Japantown! It's a beautiful 7 unit property with abundant off-street parking and 8 rentable storage units for bonus income. A real CASH COW generating $176,040 annual GSI and $108,368 NOI. Meticulously upgraded and maintained during 17+ years pride of ownership. Amazing curb appeal with lush landscaping and decorative details. Stunning interiors while retaining authentic 1898 Victorian character. Ideal unit mix in excellent condition - a real TURNKEY ASSET. 5 unit front building with common laundry room and 8 storage units below; new roof 2005, front stairs 2010, water heater 2019, some new carpets/interior paint 2020, some dual pane windows & LED lighting. Duplex building behind with 2 bed/1 bath units; new roof 2019. Very attractive shaded yard between the buildings with tables & seating. Great 1031 exchange property. Call David Propach to learn more about the significant tax advantages of owning income property!

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Bay East ©2021. CCAR ©2021. bridgeMLS ©2021. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2021-11-28T14:37:33.903.

www.stevebhalla.com/homes/118963057
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530 N 2nd Street San Jose, CA 95112

  • Price: $2,395,000
  • Status: Active
  • On Site: 148 Days
  • Updated: 31 min ago
  • ID#: ML81851803
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1898
Built
Neighborhood:
Central San Jose
County:
Santa Clara
Area:
Central San Jose
Property Description
People LOVE living at Tiffany Villa in Japantown! It's a beautiful 7 unit property with abundant off-street parking and 8 rentable storage units for bonus income. A real CASH COW generating $176,040 annual GSI and $108,368 NOI. Meticulously upgraded and maintained during 17+ years pride of ownership. Amazing curb appeal with lush landscaping and decorative details. Stunning interiors while retaining authentic 1898 Victorian character. Ideal unit mix in excellent condition - a real TURNKEY ASSET. 5 unit front building with common laundry room and 8 storage units below; new roof 2005, front stairs 2010, water heater 2019, some new carpets/interior paint 2020, some dual pane windows & LED lighting. Duplex building behind with 2 bed/1 bath units; new roof 2019. Very attractive shaded yard between the buildings with tables & seating. Great 1031 exchange property. Call David Propach to learn more about the significant tax advantages of owning income property!
Exterior Features

Exterior Dual Pane Windows Lot Description LevelRegular Parking Spaces Total 6 Roof Composition Shingles

Interior Features

All Units Have Refrigerator Bedrooms Unit1 2 Bedrooms Unit2 1 Cooling None Heating Wall Furnace

Property Features

Annual Gross Sched Income 176040 Annual Taxes 33145 Annual Utility Expense 8436 Building Type Other City Transfer Tax Yes Energy Saving Feature Other Hoa YN No Net Operating Income 108368 Operating Expenses ElectricGasInsuranceMaintenance/RepairMiscellaneous/OtherTrash RemovalVacancy FactorWater Rent Unit1 2495 Rent Unit2 1820 Rent Unit3 1495 Tenant Pays None Tot Bldg Sq Ft 4088 Water Sewer Sewer System - PublicWater - Public Zoning Rm

Listing courtesy of David Propach of But Simple, Inc..


Bay East ©2021. CCAR ©2021. bridgeMLS ©2021. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2021-11-28T14:37:33.903.

 
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