1661-63 Alum Rock Ave offers investors the opportunity to acquire a cash-flowing asset with value-add capabilities. The current units produce over $300,000 is current gross rents. In addition, the massive ~.50 acre site is perfect for adding multiple ADUs by removing the the parking carport and utilizing the ample surplus of parking (contact city of San Jose for details). With the addition of the ADUs a double cap rate is attainable!