EXCELLENT INCOME PROPERTY! Perfect for investors or income-minded buyers who can live in the building & rent out the rest. The county record shows use code as 3-4 units, any combination. Currently, it is used as 9 beds, 4 baths, 3 kitchens +2 dens. The 2-car detached garage is used as a recreational space. Another 4 cars in tandem could park inside the spacious gated yard. MANY UPDATES SINCE 2018, (NCLUDES NEW ROOF, downstairs AC, replaced most of the windows, LVP floor and carpet, 2 tankless water heaters, water softener, SS kitchen appliances, 2 sets of washer/dryer). 3 gas meters & 1 master water meter. Before Covid in 2019, the owner's rent roll with all rooms leased was about $105,000. 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! In the heart of Downtown, Walk to San Jose State University, near cafes, restaurants & HWY280! Previous owner used the studio as the owner's unit and rented out the rest for income, future owner could easily use it as a Triplex If they wish, very flexible floor plan. As downtown companies are asking employees to come back in person and university staff & students are back in person, this property is in an excellent position for income growth!
Listing Courtesy of MLSlistings Inc. / Menlo Park / Jessica Yau
$718,700
San Jose Area Condominium
Active
8366 Riesling Way San Jose, CA 95135
2 Bed
2 Baths
1646 sqft
MLS# ML81959692
PRICE IMPROVEMENT! AMAZING PANORAMIC VIEW! Welcome to the Villages Golf Country Club.A premier 55+ community with 24/7 manned gate. Spacious, elegant 2 bed/2 bath/condo with a good size den offers approx.1646 Sqft of Luxury living! Upon entering, you will be greeted by an open&spacious floor plan - Perfect for entertaining or relaxing with family & friends.The foyer leads to the great living room which offers a fireplace & a picturesque sliding window door to the balcony. It's a perfect place for morning coffee or a glass of wine while watching the sunset over the fairways and enjoying the pond with a fountain view. The charming kitchen with a great view offers a breakfast nook and ample cabinets. A separate dining room for formal dining & entertainment. Large primary en-suite with Walk-in Closet & a private balcony. The 2nd bedroom is adjacent to the den that could be a home office,guest bedroom/workout space.A good-sized loft for storage. Washer/Dryer in the utility room. Attached 1-car garage&separate carport that is just a few steps away.The Villages Golf Country Club offers an abundance of amenities, including 4 pools,social clubs,a championship golf course,tennis,pickleball,bocce, courts,gym,hiking, restaurant. Ideal lifestyle!
Listing Courtesy of MLSlistings Inc. / Menlo Park / Vera Hatem