427 S 3rd Street , San Jose , CA 95121; Multifamily Properties For Sale; A-1 in Santa Clara County
No. Units: 6
Building Size: 2,470 SF
Property Type: Multifamily
Property Sub-type: Garden/Low-Rise
427 S. 3rd Street in San Jose offers investors the unique opportunity to own a multi-family rental property in a highly- respected submarket of the Silicon Valley. The subject property has a unit mix of five (5) Studio/ one bath units and one (1) one bedroom/one bath unit. This unique two story Historical Victorian Style building consists of 4,438 rentable square feet on .12 Acres of land with on-site tenant parking. The current owner has maintained the building and has kept his pride and ownership style of management throughout his time of ownership. With San Jose rental market on an upswing, this property offers great rent upside potential.
This property benefits from its prime location within one of the most desirable rental submarkets in the South Bay. All major freeways including Highway 280, 880, 87, and 101 are nearby making it an ideal location for the everyday commuter. It is conveniently located in the heart of Downtown San Jose. Downtown San Jose has numerous restaurants, and entertainment venues including the San Jose Museum of Art and the SAP Center, which is home of the San Jose Sharks of the National Hockey League. The venue may also be known as the Shark Tank . San Jose State University along with the Cal-train station is also only a short distance from the subject property. 427 S. 3rd Street presents a unique opportunity for the discovering investor looking to purchase a stabilized asset in an improving location.