Active
530 N 2nd ST
SAN JOSE CA, 95112
$2,250,000
$550.39 per sqft
Active
4,088 sqft
Multi-family
Built in 1898
Listed by But Simple, Inc., David Propach, Listing Contact: 4082027125
Tiffany Villa is a beautiful 7 unit property very centrally located within exciting and vibrant Japantown. This fully occupied TURNKEY ASSET with ideal unit mix is a CASH COW with proven excellent very low vacancy operating history. It has abundant off-street parking and 8 rentable storage units for bonus income! Meticulously upgraded and maintained during 19+ years pride of ownership. Amazing curb appeal with lush landscaping and authentic 1898 Victorian character with spacious interiors, soaring windows, and decorative details. 5 unit front building with common laundry room and 8 storage units below; new roof 2005, water heater 2019, commercial grade vinyl plank flooring in 3 units 2023, some dual pane windows & LED lighting. Duplex building behind with 2 bed/1 bath units; new roof 2019. Newer carpets & paint some units. Very attractive shaded yard between the buildings with tables & seating. Great 1031 exchange upleg property. Significant appreciation opportunity for next ownership cycle. Enjoy cash flow while upgrading kitchens, baths, and front staircase to set rents much higher. Property appreciation would likely be many times such upgrade costs.
ML81969417
MLSⓇ ID
June 12, 2024
Listed
October 23, 2024
Updated
Map
530 N 2nd ST
SAN JOSE CA, 95112
Interior Features
Appliances
Cooktop, Refrigerator, Oven, Range, Washer
Laundry Description
Laundry Room
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.13 Acres
Lot Features
Level
Architectual Style
Victorian
Roof
Composition
Sewer
Public Sewer
School Information
School District
San Jose Unified
Other Property Details
Area Name
Central San Jose
Garage
No
Parking
Off Street
Parking Total
6
View
No
County
Santa Clara
Water Source
Public
Pool
No
Zoning
RM
Listed by But Simple, Inc., David Propach,
Listing Contact: 4082027125
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Data last updated 6:32 PM UTC, 10/23/2024