7240 East ST, GILROY, CA 95020

MLS# ML81972824
Status: Active

  • $1,299,900

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  • 3058

    Approx. Sq. Ft.
  • 0.17

    Approx. Lot Size
  • Listing Class: Residential Income (2-4 units)
  • Property Type: Multi Family
  • Year Built: 1964
  • Stories: 2
  • # of Parkings: 8

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    Julie Tsai Law

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    Julie Tsai Law

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    Julie Tsai Law Realty Group partners with you throughout your home search process, providing their expertise and deep knowledge of San Francisco Bay Area’s real estate market to help you find a home you love.

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    Details

    Incredible Investment Opportunity! This property features four units, each with 2 bedrooms and 1 bathroom, offering comfortable and convenient living spaces. With all units currently occupied and in high demand, this property presents an excellent investment prospect. Each unit is equipped with its own electric and gas meter. The property offers a convenient location just a short drive from shopping, restaurants, and essential amenities. Rents are at below-market rents. Market rent is between $2,100 to $2,300 monthly for each unit. With exceptional potential and great upside, this property is not to be missed. Drive-by viewings are welcome, but kindly respect the privacy of the tenants, and refrain from disturbing them. Back on market. No fault of seller. Huge price Improvement!!!

    Features

    General Features

    • Listing ClassResidential Income (2-4 units)
    • Parcel841-10-006
    • Year Built1964
    • Property TypeMulti Family
    • ZoningR3
    • # of Stories2
    • FoundationConcrete Slab
    • Age60
    • Horse PropertyNo

    Interior Features

    • FlooringCarpet,Laminate,Vinyl / Linoleum
    • Accessibility FeaturesParking
    • LaundryCoin Operated
    • Security FeaturesOther

    Utilities & Energy

    • UtilitiesIndividual Electric Meters,Individual Gas Meters,Natural Gas,Public Utilities
    • Sewer/SepticSewer - Public
    • CoolingWindow / Wall Unit
    • WaterPublic
    • HeatingWall Furnace

    Parking

    • Parking Spaces8
    • Parking FeaturesNo Garage,On Street,Parking Area

    Neighborhood

    Morgan Hill / Gilroy / San Martin

    Market Conditions

    Explore our neighborhoods – Morgan Hill / Gilroy / San Martin
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    Sold Price vs List Price
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    # of Homes Listed vs # of Homes Sold
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