NOT LISTED FOR SALE
-- Bed
-- Bath
2,073 Sq Ft
7,405 Sq Ft Lot

Last Sold June 13, 2014

Last sale price $765,000 $369 Per Sq Ft

3 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • 1-Story Property

About This Home

As of June 2014

Incredible income opportunity – must see! Originally a Frat/Sorority House, this unique property has 4 rentable bedrooms, a legal studio apartment & a large 1-bedroom owner/manager suite! Walk to San Jose State University, restaurants, downtown. Separate 2-car garage, lots of storage. It could also be converted to a 5-bedroom home with detached mother-in-law unit. Awesome Nagee Park neighborhood.

Last Listed By

Carl Medford

KW Advisors License #01320438 Listed on: 05/17/2014

KW Advisors

Property Details

Home Type

  • Multi-Family

Year Built

  • 1905

Lot Details

  • 7,405

Parking

  • Private Parking

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 2,073 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Laminate
  • Tile
  • Vinyl

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $33,900
  • The owner pays for cable TV, electric, garbage, gas, heating, water

Community Details

Overview

  • 2 Units
  • 2,073 Sq Ft Building

Building Details

  • Insurance Expense $1,250
  • Maintenance Expense $2,000
  • Utility Expense $5,145
  • Trash Expense $1,438
  • Operating Expense $15,522
  • Gross Income $33,900

Property Details

Home Type

Multi-Family

Year Built

1905

Lot Details

0

Listing Details

  • Zoning: R1-8
  • Subclass: Duplex
  • Age: 109
  • Inspections Reports: Fault Zone, Geological/Flood, Pest Control, Flood Zone
  • Sale Price Per Sq Ft: 369.03
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 2073
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1905

Interior Features

  • Living Sq Ft: 2073
  • Stories: 1
  • Laundry: 220 Volt Outlet, Washer/Dryer - Owned
  • Flooring: Tile, Laminate, Hardwood, Vinyl / Linoleum

Exterior Features

  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Private / Exclusive

Utilities

  • Heating System: Wall Furnace, Gas - Natural, Central Forced Air
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Schools

  • School District: San Jose Unified

Lot Info

  • Lot Location: Corner
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7424.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 7424.00
  • Lot Size Area Min Search: 7424.00
  • Maximum Lot Size: 7424.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 22.86

Multi Family

  • Expense Insurance: 1250
  • Expense Maintenance: 2000
  • Expenses Total: 15522
  • Expenses Utility: 5145
  • Expense Trash: 1438
  • Expense Water Sewer: 2005
  • Income Annual Gross: 33900.00
  • Income Annual Rental: 33900
  • Income Gross Scheduled: 33900
  • Income Includes: Lease
  • Maximum Building Height: 1
  • Meters: Master Electric, Master Gas
  • Minimum Building Height: 1
  • Number Of Buildings: 2
  • Operating Expenses Include: Cable Tv, Utilities - Electric, Services - Trash Removal, Utilities - Gas, Utilities - Heat, Utilities - Water, Insurance, Maintenance - Repair, Fee - Property Tax, Services - Sewer
  • Owner Pays: Cable Tv, Electric, Garbage, Gas, Heating, Water

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2014 06/13/14 Sold $765,000 -1.3% $369 / Sq Ft
05/20/2014 05/20/14 Pending -- -- --
05/17/2014 05/17/14 For Sale $775,000 -- $374 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81417287

MLSListings