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Updated almost 6 years ago on . Most recent reply

User Stats

39
Posts
16
Votes
Kent Baltare
  • Investor
  • Denver, CO
16
Votes |
39
Posts

Considering selling San Jose duplex

Kent Baltare
  • Investor
  • Denver, CO
Posted

Hello I have a home i purchased a few years ago in San Jose. I remodeled the back, and turned the front of the house in to an ADU, currently getting the permit now that the lot size rules changed.

I have been renting the front for over a year at $3000/mnth  (1 bed/1 bath) as a furnished rental, no vacancy since listing.

In January I moved up to san Mateo to be closer to work and began renting the back out for $5000, furnished, so far no vacancy.

Now we are grossing $8,000/mnth about ($7100 after insurance, utilities and an estimate of 5% for maintenance).  This home is not far from willow glen, south of the city along the Guadalupe river, 900 ft from Tamien station and a 5 min drive or less to San Jose train station and the future Google build:)   Given the above numbers looking to get peoples thoughts on what a good sale price is considering comp cap rates.

Not looking for a realtor to represent the sale btw.. sorry.  Thanks for your time.

  • Kent Baltare
  • Loading replies...