430 N 2nd Street

430 North 2nd Street is one of San Jose's historic Victorian structures.

Originally constructed in 1898, the existing
structure provided an opportunity for current ownership to completely renovate and the restore this eight-unit apartment building with over $200,000 in upgrades.

The renovations include over $25,000 in full electrical upgrades, $10,000 for brand new refrigerators, microwaves and appropriate appliances for each unit, and over $165,000 in cabinetry, travertine flooring and granite counter-tops. The pitched composition shingle roof was re-done along with new landscaping, fresh exterior paint on the both the structure
and garages in the rear.

430 North 2nd Street has a unit mix consisting of six one-bedroom/one-bath units and two studios all with unique floor plan layouts. For the tenants convenience there is a community laundry room with two washers and two dryers; these coupled with the four garages in the rear, provide the new owner with a significant addition in gross annual income. All eight units were leased at current market rates giving a new investor a true turn-key investment from day one.

Located just minutes from vibrant downtown San Jose, this beautiful Victorian is within ten blocks of the Rose Garden, San Jose State University, the Museum of Modern Art and Historic Downtown San Jose. This neighborhood has a history of low vacancy and long term tenancy, and is truly the definition of a “pride of ownership†turn-key property.