Property Overview:
Affordable starter triplex (purpose-built, not a conversion) located just 2 blocks from San Jose State University in downtown San Jose. The property features a total of 3 units:
- Two 1-bedroom, 1-bath units
- One 2-bedroom, 1-bath unit
Total living space is approximately 1,920 sq. ft.. Long-term tenants currently occupy the units, resulting in below-market rents.
Neighborhood Highlights:
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Prime Downtown Location:
- Steps to San Jose State University, SAP Center, Diridon Station, Japantown, and Happy Hollow Park.
- Minutes from restaurants, shopping, and major highways (Hwy 87, Hwy 280).
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Schools:
- Nearby schools include Horace Mann Elementary and San Jose High (tenant to verify).
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Commuter-Friendly:
- Central location with easy access to public transportation and major freeways.
Property Features:
- Unit Mix:
- Two 1-bed/1-bath units
- One 2-bed/1-bath unit
- Recent Upgrades:
- Front stair area redone with permits (7 years ago)
- New roof (7 years ago)
- Dual pane windows (2 years ago)
- Bath floors all redone
- All units remodeled with new kitchens (granite countertops, stainless steel appliances, custom cabinetry) and remodeled bathrooms
- Fresh paint, new carpet, new blinds
- Security & Access:
- Secured gated entry
- Private entrances for each unit
- Parking:
- Garage parking for 2 cars
- 3 driveway spaces
- Street overflow parking
- Outdoor Space:
- Well-maintained backyard
- Private storage closet for some units
- Utilities:
- Water & garbage paid by owner
- Tenants pay other utilities
- Pet Policy:
- No pets allowed
Investment Highlights:
- Excellent investment opportunity in a vibrant rental market
- Professionally managed property
- Attractive to students and downtown renters
- Low maintenance with recent upgrades
- Income-generating with potential for higher rents upon tenant turnover
Location Benefits:
- Walkable to SJSU and downtown amenities
- Easy access to major highways and public transit
- Desirable for students, professionals, and families
- Strong rental demand due to proximity to university and downtown attractions