720 S 9th Street, San Jose, California 95112(Sold At) $975,000
The R&Z Group of Compass Commercial is pleased to bring into the market 760-762 S 9th Street to the investment community. This duplex, consists of (2) 1 bedroom, 1 bathroom separate cottages, with their respective back yards. The property sits on a 9,798 SF lot; said lot has value add potential with ADU plans for a 2 Bed/ 1 Bath have been drafted by Cottage, a local development company. The quote for the ADU is $289,000. 760 S 9th St has gone through a massive exterior and interior renovations in the last few months. Those renovations include a fresh coat of paint, a tree trimming, fencing and landscaping on the exterior; along with new floor laminate, lighting and dual pane windows on the inside. The tenants can enjoy close distance to major companies that Downtown San Jose has to offer, Adobe, ZOOM, Deloitte, PWC, and Okta just to name a few. San Jose State University is less than 1 mile away from this property, giving it a strong rental market with the high demand in housing in this area.
Property tax, landscaping, insurance and maintenance are the only expenses that are paid by the owner. The tenants take care of the rest of the utilities. Garbage and sewer are included in the property tax statement. Parking is not an issue in this property, there is ample of parking space for tenants. Transportation is important when living in Downtown San Jose, the Cal Train station is located 3 Miles from the property, providing the tenents with a great transportation option. 760 S 9th Street is nearby 280, 87, 880 and the 101.
Property Type Multi Family
Property Status: Closed
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720 S 9th Street, San Jose, California 95112
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