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$ 1,655,000
Est. payment | /mo
0.26 Acres Lot
$ 1,655,000
Est. payment | /mo
0.26 Acres Lot
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID ML82016318
HOA Y/N No
Year Built 1977
Annual Tax Amount $19,815
Lot Size 0.261 Acres
Property Description
This well-maintained, cash-flowing 5-unit property in Gilroy is a rare find and wont last long. Each of the spacious two-bedroom, one-bath units provides a strong, reliable income stream, making this an excellent addition to any investors portfolio. With an on-site laundry room and a mix of covered and uncovered parking, this property offers key amenities that attract long-term tenants. Major upgrades have already been completed, including a partial sewer lateral replacement, full copper plumbing, and a durable roof and concrete driveway installed approximately 20 years ago. The location is unbeatable. Situated between Eliot Elementary and South Valley Middle School, this property is perfect for families. Its just minutes from Downtown Gilroys shops and restaurants, and right around the corner from major employers like Kaiser Hospital, Costco, and the Gilroy Premium Outlets. With quick access to major highways, tenants can easily commute to Silicon Valley, making this a highly desirable rental location. Opportunities like this dont come often. Secure this high-performing asset today before its gone!
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R3
Interior
Heating Wall Furnace
Fireplace No
Exterior
Carport Spaces 3
Roof Type Flat
Total Parking Spaces 8
Schools
School District Gilroy Unified
Others
Tax ID 84153004
Special Listing Condition Standard
Listed by Tyler Charron Compass
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STEVE & KRISTA: The WIDNER Team
Agent | License ID: 00680027
29811 Santa Margarita Parkway, Suite 100, Margarita, CA, 92688