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You're going to need to beat the prices of the apartments next door to you, and expect to find new tenants every school semester. They're only going to rent 5 months at a time. SJSU is a commuter school.
It could use some updating but it's pretty nice with the fireplace, hw floors, own laundry.
I think you'd have the apartments beat.
It should be interesting to see what this goes for.
This seems to be an amazing deal.