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255 Fanyon Street, Milpitas, California 95035, Milpitas, - bed, bath

home-pic
ACTIVE$999,999
255 Fanyon Street, Milpitas, California 95035
0Bed
0Bath
2,219Sqft
7,935Lot
Year Built
1971
Close
-
List price
$1,000K
Original List price
$1,000K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82021092
Home ConditionFair
Features
Patio
View-

About this home

This exceptional duplex at 255 Fanyon St. in Milpitas offers a rare opportunity for both an investor and an owner-occupant. Live in the spacious 3-bed, 2-bath unit (approx 1,196 sq ft), which feels like a private home. Enjoy your own yard, perfect for kids and gatherings, and a single-car garage. Let the rental income from the second unit, a charming 2-bed, 1-bath (approx 1,023 sq ft) with its own yard and garage help you afford the Silicon Valley lifestyle you've always wanted. The property's private setting with no rear neighbors is a peaceful bonus. This is a turn-key asset in a high-demand market. With a potential combined monthly rent of $7,000 ($84,000 annual gross), this duplex offers strong cash flow and appreciation potential. The desirable unit mix and private yards ensure high occupancy. Whether you're looking for a smart way to live in Milpitas or a solid addition to your portfolio, this property is the perfect fit. Don't miss this opportunity.

Price History

Date
Event
Price
09/10/25
Listing
$999,999
Condition Rating
Fair
The property was built in 1971, making it over 50 years old. While it appears well-maintained with fresh paint and updated laminate/hardwood flooring throughout most living areas, the kitchen is significantly outdated. It features original-style oak cabinets and tile countertops/backsplash, which are typically 20-30 years old or older in style. One newer stainless steel appliance (range) is visible, but the overall kitchen aesthetic requires substantial updating to meet modern standards. No clear images of bathrooms were provided, but given the kitchen's condition, it's reasonable to assume they are also dated. The exterior is tidy, but the driveway shows signs of age. The home is functional and livable, but the outdated kitchen and likely bathrooms necessitate minor to moderate updates, aligning with a 'Fair' condition.
Pros & Cons

Pros

Strong Income & Appreciation Potential: The duplex offers significant financial upside with a potential combined monthly rent of $7,000 ($84,000 annual gross), promising strong cash flow and appreciation in a high-demand market.
Versatile Investment Opportunity: This property caters to a broad buyer pool, ideal for both an investor seeking rental income and an owner-occupant looking to subsidize their mortgage with rental income.
Desirable Unit Configuration & Amenities: The property features a sought-after unit mix (3-bed/2-bath and 2-bed/1-bath), with each unit benefiting from its own private yard and single-car garage, ensuring high occupancy and tenant satisfaction.
High-Demand Silicon Valley Location: Located in Milpitas, a key part of the high-demand Silicon Valley market, the property benefits from strong rental demand and potential for sustained property value growth.
Private & Peaceful Setting: The property boasts a private setting with no rear neighbors, offering a peaceful living environment that enhances its appeal to tenants and owner-occupants alike.

Cons

Age of Property: Built in 1971, the property is over 50 years old, which may indicate a need for future capital expenditures on major systems (e.g., plumbing, electrical, roof) or general maintenance.
Limited Parking per Unit: Each unit is equipped with only a single-car garage, which could be insufficient for multi-person households, potentially leading to reliance on street parking.
Lack of Specific Renovation Details: While described as 'turn-key,' the listing lacks specific details on recent major renovations or system updates, which could be a concern for an older property and may imply cosmetic readiness rather than comprehensive modernization.

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