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,… Read More 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! Read Less
Courtesy of Compass, Tyler Charron 650-675-4825
Listing Snapshot
Days Online
31
Last Updated
Property Type
Five Or More Units
Square Ft.
3,876
Lot Size
0.26 Acres
Year Built
1977
MLS Number
ML82016318
30 Days Snapshot Of 95020
$1.32M
+11%
(avg) sold price
39
+34%
homes sold
39
+5%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 11360.00, Max Area Units: Square Feet, Lot is 0.26078971533517 acres
Accessibility Features
Other
Unit One
2 bedrooms
Building
3,876 structure square feet, Age: 48, Built in 1977, 1 building, 5 minimum units in complex
Cooling
Other
Foundation
Concrete Slab
Garage
Assigned Spaces
Water Features
Private / Mutual
Heating
Wall Furnace
Laundry
Coin Operated, Washer / Dryer
Tenant Pays
Utilities - Electric, Utilities - Gas
Miscellaneous
Total expenses: 38005
Parking
8 parking spaces
Property
Zoning: R3
Roof
Flat / Low Pitch
Security Features
Other
Taxes
Annual tax amount: $19,815
Sewer
Sewer - Private
Utilities
Master Water, Separate Common Area, Separate Electric, Separate Gas, Individual Electric Meters, Individual Gas Meters
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