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$1,250,000
Est. payment /mo
1,592 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,592 sqft
Price per Sqft $785
MLS Listing ID ML82052659
HOA Y/N No
Year Built 1954
Annual Tax Amount $1,667
Lot Size 6,298 Sqft
Property Sub-Type Duplex
Property Description
Two words Silicon Valley investors have been waiting to hear: already leased. Welcome to 962/964 Princess Anne Drive, a well maintained income producing duplex tucked in one of San Jose's most strategically positioned pockets, where Willow Glen charm meets Santana Row convenience and Silicon Valley's freeway grid puts the entire Peninsula within reach. Looking to lock in long-term cash flow in a market where vacancy is the real risk, this property checks every box. Sitting on a generous 6,300 square foot lot, this side-by-side duplex delivers two mirrored 2-bedroom, 1-bath units at approximately 822 & 823 square feet each totaling 1,592 square feet of rentable living space. Both units are occupied with long-term tenants providing stable, verified income from day one. Unit 962 is leased at market rate to a long-term tenant with an established payment history. Unit 964 is assisted under the Section 8 Housing payments made directly and reliably to the owner each month a built-in income guarantee With the national housing shortage showing no signs of easing and HCV vacancy rates among the lowest in any asset class, this dual-income stream represents exactly the kind of stability an investor is looking for.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R2
Interior
Cooling None
Fireplace No
Appliance Dishwasher, Gas Cooktop, Microwave, Refrigerator
Exterior
Parking Features Uncovered
Garage Spaces 2.0
Garage Description 2.0
View Y/N No
Roof Type Composition
Accessibility None
Total Parking Spaces 2
Building
Story 1
Sewer Public Sewer
Water Public
Schools
School District Other
Others
Tax ID 28231008
Special Listing Condition Standard
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Listed by Tracey McNeely eXp Realty of California Inc #01713844
Nearby Locations
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HomeSmart Realty West
Broker | License ID: DRE#1905908
Broker License ID: DRE#1905908