Wednesday, May 09, 2007

Poor Investment

Just assuming $1,000 for each of the two 1/1, this property takes in a gross income of $24,000, which is only 4% and that is before all the property taxes and maintenance.
I just cannot understand how this can be a good investment.

$590000 REDUCED PRICE San Jose DUPLEX (san jose downtown)


REDUCED PRICE: Downtown SJ Duplex for SALE!!! OPEN HOUSE THIS WEEKEND SATURDAY 10AM-1PM.

Great Starter Duplex with room to expand!!!: Two 1Bedroom/1Bathroom units. 1,248 sq ft living are, 3,049 sq ft lot. Very well maintained and easy to rent. MOTIVATED SELLERS, This is a Short Sale Subject to Bank Approval.

Unit #1: Granite Counter-tops and Cherry wood cabinets, new kitchen appliances, new pergo flooring, recessed lighting throughout and much more!

Unit #2: Tile Floors throughout.

Laundry Facility, parking.
Close to SJSU and Downtown SJ.

Currently rented out, DO NOT DISTURB THE TENANTS.
N. 10th St at Saint John St.

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