964 Princess Anne DR, San Jose, CA 95128

$1,250,000
1,592
SqFt

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List Price
$1,250,000
MLS#
ML82052659
Status
ACTIVE
Zoning
R2
Sqft. of Residence
1,592
Lot Size
6,300
Listing Area
Central San Jose

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.

Additional Information

Age
72
Cooling System
None
Foundation
Crawl Space
Garage Parking
Detached Garage, On Street, Uncovered Parking
Heating System
Gas
Living Area
1,592
Lot Size
6,300
Neighborhood
Central San Jose
Other Utilities
Individual Electric Meters, Individual Gas Meters
Roof
Composition
Sewer
Sewer - Public, Sewer Connected, Sewer in Street
Special Features
None
Total Number Of Units
2
Unincorporated Yn
Yes
Zoning
R2

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Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Tracey McNeely from eXp Realty of California Inc. 408-401-6501

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