263 5th St - Apartments FOR SALE


Gilroy, CA 95020
$1,950,000 USD
408-846-1031
263 5th St, Gilroy, CA for Sale
$1,950,000 USD
Apartments - FOR SALE
1/12
null | 2.32% Cap Rate

263 5th St
Gilroy, CA 95020


HIGHLIGHTS

  • Excellent Location
  • Excellent Demographics
  • Ideal Owner-User or Investment
  • Below Replacement Cost
  • Perfect Multi-Generational Housing
  • Below Market Rents

OVERVIEW

This Multi-Family Gem includes 2 buildings totaling 5,294 Sqft with 5 1-car garage spaces on a 9,450 Sqft lot. Excellent location and demographics. Below market rents with small and large unit mix. Property appears to be 3 permitted units of a front house and back duplex, buyer to verify. Property currently operates as 6 individual units. Ideal for multi-generational owner-user or investment opportunity. Do not disturb tenants.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$368 USD /SF

# OF UNITS

3

PRICE/UNIT

$650,000

CAP RATE

2.32%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multi-Unit Gem

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1850

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,450 SF

ZONING

R3

APN/PARCEL ID

799-06-012

ASK ABOUT THIS PROPERTY

George RenzRenz & Renz Investment & Commercial BrokerageMore Info
408-846-1031

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George RenzRenz & Renz Investment & Commercial BrokerageMore Info
408-846-1031

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.