530 N 2nd Street
San Jose, CA 95112
0.13 acres | #ML81969417
Description
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.
Property Details
- Lot DescriptionLevel
Measurements
- Acres0.1302
Construction Details
- Property TypePurchase
Condition
- Year Built1898
Utilities / Energy Details
- Utility FeaturesNaturalGasAvailable
- Utility SourcePublic
Community and Neighborhood Details
- School DistrictSan Jose Unified
- CountySanta Clara
Financial Details
- Original List Price$2,250,000
- Taxes Annual$31,275
Other
- MLS #ML81969417
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: David Propach (#ML483177)
Listing Office: But Simple, Inc. (#ML89164)
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