627 SOUTH 3RD STREET

Description

EXCELLENT TRIPLEX WITH VERSATILE FLOOR PLAN IN DOWNTOWN SAN JOSE & SAN JOSE STATE UNIVERSITY AREA! Perfect for investors: Live-in + income. Triplex is currently used as 9 beds, 4 baths, 3 kitchens plus 2 dens. The 2-car detached garage = potential ADU! 4 more cars in tandem could park inside the spacious gated yard. UPDATES SINCE 2018 INCLUDES new roof, downstairs AC, most of the new windows, inside & outside paint, LVP floor and carpet, 2 tankless water heaters, water softener, SS kitchen appliances, 2 sets of washer/dryer, an electrical panel. The property had a history of strong rental income, with the pre-pandemic record reaching $105,000 in 2019 when all rooms were occupied. Reduced vacancy since 2020 to better observe county Covid restriction! 1 of the 9 rooms is a studio w/1 of the 3 kitchens, private bath & entrance! Walk to San Jose State University, near cafes, restaurants & downtown S.J. Quick access to HWY280! As downtown companies are asking employees to come back office and university staff & students are back in person, this property is in an excellent position for income growth!