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 744-746 N11th St as alternative to more restrictive 4-plex.
* Total Bldg Size: 1,623 Sq Ft (2 Units) * Lot Size: 5,404 Sq Ft
* Year Built: 1961 * Separate PG&E, Common Water (owner paid)
* All tenants are M-to-M Lease * Current Rents: $45,000/yr (Market $50,400)
* 816 N14th St: 2Bed/1Bath/756 Sq Ft $ 1,900
* 818 N14th St: **2Bed/1Bath/867 Sq Ft $ 1,850 ** (1 Addt'l non-conf bedrooms (total 3 Unit 816)
* $/Unit: $399,975 * Annual Mortgage Payment: $ 992.65
* $/SF: $246/sf * Annual Property Insurance: $992.65
* Annual Gross Rents: $ 45,000 * Water Paid: $ 1,464.90
* Annual Interest: $14,661 * Bank appraised at $ 1,020,000 in 2021
Offer Deadline SOLD
Drive By Only - DO NOT DISTURB TENANTS!