At an incredible price! Duplex with two 2Bed/1Bath/816sf Units in Luna Park, near SJSU/Downtown/Hwy101/I-680. All tenants month-to-month lease with upside. Exempt from San Jose Apartment Rent Ordinance (ARO/Rent Control). Combine 816-818 N14th St as alternative to more restrictive 4-plex.
* Total Bldg Size: 1,632 Sq Ft (2 Units) * Lot Size: 5,762 Sq Ft
* Year Built: 1960 * Separate PG&E. Common Water (owner paid)
* All tenants are M-to-M Lease * Current Rents: $44,880/yr (Market $50,400)
* Units exempt from San Jose Apartment Rent Ordinance (Rent Control)
* 744 N11th St: 2Bed/1Bath/816 Sq Ft $ 1,900/mo + 2 Addt'l Non-Conf Bedrooms (total 4 beds)
* 746 N14th St: *2Bed/1Bath/816 Sq Ft $ 1,840/mo
* $/unit: $399,925/unit * Annual Mortgage Payment: $ 992.65
* $/SF: $ 493/sf * Annual Property Insurance: $ 606
* Annual Gross Rent: $ 44,880 Water Paid: $ 2,424/yr
* Annual Interest: $4,639
Offer Deadline SOLD
Drive By Only - DO NOT DISTURB TENANTS!