Project Illinois


 

Illinois Rehab Deal

A single-family home in the Willow Glen neighborhood in San Jose. This is a 2 bed 2 bath 972 sq ft home on a lot size of 7474 sq ft. Much bigger than average lot sizes in the neighborhood. Provide an easy opportunity to add an ADU of 1000 sq ft. Awesome location within moments to downtown Willow Glen, Downtown San Jose, major freeways, Train station, light rail and the upcoming Google campus.

 

Rehab Details

Property City: San Jose
Property State: CA
Purchase Price:  $918k
Rehab + Other:  $350k
Money Cost:
Sale Price:  Hold for Passive Income
Gross Profit:

***July 13, 2022 ****

1) Project is fully completed
2) All permits approved, All units rented
3) This is the last update for this project. This will be archived.

***March 31, 2022 ****

1) Roof is completed
2) Framing is completed.
3) City passed the inspection and gave the green signal to start closing up.
4) Target completion mid-April
5) Marketing for tenants already underway

***Jan 31, 2022 ****

1) Floor framing and Subfloor Plumbing Complete
2) City inspection passed.
3) Next up is wall framing.

***Oct 21, 2021 ****

1) ADU Construction Started. Dirt cleared
2) Foundation form prep in progress
3) Foundation to be poured Oct 4th week

 

 



ykrnew

Yajnesh Rai, Owner, Realtor

 BRE 01924991