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
Price:
$2,250,000
MLS #:
ML81969417
Status:
Active
Baths:
0
Address:
530 N 2nd Street
Type:
Commercial
Neighborhood:
699notdefined
City:
San Jose
Listed Date:
Jun 12, 2024
State:
CA
ZIP:
95112
Year Built:
1898
Schools
Interior
Cooling
None
Heating
Wall Furnace
Exterior
Parking Spots
6.00
Roof
Composition
Water Source
Public
Financial
Utilities
Natural Gas Available
Map
Contact Us
Mortgage Calculator
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530 N 2nd Street
San Jose, CA
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