Updated almost 7 years ago on . Most recent reply
Considering selling San Jose duplex
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.