627 3rd, San Jose, CA 95112

Description

EXCELLENT INCOME PROPERTY! Perfect for an investor or income-minded buyer who likes to live in the building & rent out the rest for income. The county record shows "use code" as 4 plex with any combination. Currently, it is a triplex used as 9 bedrooms, 4 baths, 3 kitchens, plus Living room and a family den. 2-car detached garage is used as a recreational room. 3-4 cars fits inside the backyard. Low-maintenance backyard for BBQ or entertaining. MANY UPDATES SINCE 2018, IT INCLUDES ROOF replacement, downstairs AC, replaced most of the windows, entire interior painting, new LVP floor and carpet, 2 tankless water heaters, water softener, SS appliances) (3 refrigerators & 2 sets of washer/dryer. are not included in the sale). There are 3 gas meters, one master water meter. Before Covid in 2019, owners' rent roll with all rooms leased was about $105,000. Reduced vacancy since 2020 to better observe county's Covid restriction. Among the current 9 rooms, there is a primary suite with 1 of the 3 kitchens, private bath and a separate entrance. it can be converted back to a triplex easily. Short walk to vibrant Downtown, San Jose State University, S.J. Convention Center, cafes & restaurants. Companies & SJU are shifting back to in-person work & learning, Great growth Opportunity!

Features

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• 0.1 Acres
• 2 Stories