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

July 13, 2024

Updated

Map

530 N 2nd ST
SAN JOSE CA, 95112

Interior Features

Appliances

Cooktop, Refrigerator, Oven, Range, Washer


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

482

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 12:27 PM UTC, 7/13/2024

 

 

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