DUPLEX FOR SALE
685-687 Banff Street
San Jose, Ca 95116
Offered at $599,950
With values escalating upward in Silicon Valley, it's no wonder that there is alot of interest in this property. Here is a terrific and affordable Central San Jose duplex for sale and a great option to live in or to invest in with loads of potential for your consideration. One such property is 685-687 Banff Street, San Jose, CA 95116.
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This property offers lots of options at many levels. It is a great option for a buyer who wants to live in one and rent out the other or share in the costs to purchase the "American dream!" In pricey Santa Clara County, paying only $300,000 per unit is a bargain compared to purchasing a condo where you can only get a one bedroom condo with only 760-822sf. Built in 1958, the subject duplex boasts two units, each with 2 bedrooms, 1 bathrooms with approximately 926 sf of living space, and includes a gated yard for each unit. This spacious lot is 6175sf, allowing plenty of space for each unit users.
687 Banff Street (shown below ), the rear unit, has a private gated yard in the back, and the gate swings open so you can park a car back there too. It also has an attached one car attached garage which also has wash and dryer hookups. This unit has well maintained wood floors, double pane windows, eat in kitchen and is in clean condition. The real unit also has a storage shed with power for your useage. This shed predates the current owner owning the property and is to be accepted in AS IS condition.
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685 Banff Street, the front unit shown below, is less upgraded with single pane windows. It includes a one car garage that was converted to a room from a previous owner. It has only been used as storage for the owner, however it is connected to the front unit so it could be another bedroom. While the room currently has some deferred maintenance,with some paint and flooring, this could make the front unit a 3 bedroom, 1 bathroom model that will be great for investors and owner occupants alike. The front unit also has a small laundry room with washer and dryer hookups conveniently inside. The front yard is expressly for the front unit occupants only and there is a cement pad for the occupant to park their car with off street parking. The new buyer is strongly advised to confirm all permits, use and schools to their own satisfaction.
The long driveway is nice to have and generally shared by the duplex next door. One of the neighbor duplexes to the left of the subject property has installed a fence in the middle and would likely require the approval of both owners..
The duplex could be a good income producer fort the investors. I have spoken to Phil Lopez, Property Manager for Von Kaenel Property Management and he estimates a rents for a cleaned unit in the $1900-2100 range/month, and could be more rental income if you renovate the garage and make it useable.
The neighborhood is rich in diversity and culture. The area has a mixture of old and new dwellings, partments, homes and and rettals, and commercial shopping centers and a few ware house business. Banff Street has many duplexes and is generally well maintained. Centrally located in the 95116 area code, it is close to the Five Wounds Parish, Little Saigon, Downtown San Jose, parks, schools and is conveniently near the 101, 280, 680 580 and 87 Freeways.
This listing will not last long so contact me today if you have any questions. For faster service, call me today at my direct number, 408-560-9021. As a broker, lender and investor for the past 29 years, I have the experience and resources to help you make your real estate plans happen in Central San Jose and Santa Clara County. Call me for a free consultation today.