A unique rental property, directly across the street from San Jose State University. This 5-unit apartment building actually has 6 legal units! There are three, 2BD/1BA units; two, 1BD/1BA units & a permitted, legal, 3BD/2BA+office SRO unit. The building is classified as 5-unit building only because there are 5 on-site parking spaces, but there are six (6) legal, permitted units. All the units are fully rented. The 3-bedroom unit is currently being rented as an SRO unit (Single Room Occupancy). The unit can continue to be operated in this manner or it can be rented out as a fully functional 3BD/2BA+office unit with minor modifications. There is also a laundry room with appliances with
This 2 story 14-year-old single family was built in 2010 offering 3 bedrooms, 3 Baths, office and garage. Property is located within a block from San Jose State university and for the past 13 years has been used as a rental to mostly university students with no vacancy. Currently $5625 monthly income. Utilities are included about $500 a month. accommodating 5 single room rentals. Please don't disturb tenants. Perfect location and great condition of the property makes it ideal for income producing investment or enjoying low maintenance home centrally located. Great investment Opportunity.
488 E Saint John Street represents the rare opportunity to acquire a shovel-ready 46-unit and +/- 130 bed student housing development site situated within a +/- 5 minute bike ride or +/- 10 minute walk to San Jose State University, ranked #3 best public university by U. S. News. The Project will provide the Buyer with a permit ready project that will be ready to start construction within 3 - 6 months following close of escrow. The Property includes an assemblage of three adjacent parcels that are improved with residential properties that will be demolished as part of the construction of the approved Project.