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Listed by Larry Giang • KW Silicon City
$ 1,640,000
Est. payment /mo
Pending
804 Farm Drive San Jose, CA 95136
3,544 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 3,544 sqft
Price per Sqft $462
MLS Listing ID ML82007376
HOA Y/N No
Year Built 1963
Lot Size 7,150 Sqft
Property Sub-Type Quadruplex
Source Datashare MLSListings
Property Description
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) 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.
Location
State CA
County Santa Clara
Interior
Heating Forced Air
Cooling Other
Flooring Laminate, Tile
Fireplace No
Schools
School District San Jose Unified, San Jose Unified
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