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Wisdom Properties
611 E 7th Street, Gilroy, CA 95020
- $8,550,000
- List Price
- $8,550,000
- Status
- ACTIVE
- MLS#
- ML82065755
- Year Built
- 1966
- Lot Size
- 82,764
- Acres
- 1.90
- Days on Market
- 0
- Property Type
- Commercial
Property Description
Located in Gilroy, Property is composed of 5 buildings and a large area of land behind the units*All downstairs units have a yard area. There is laminate flooring throughout. The kitchens is equipped with an electric oven range, exhaust fan, hood over the range, and a refrigerator, providing essential appliances for meal preparation. Laundry facilities are coin operated, adding convenience for residents. Cooling is provided by ceiling fans, and heating is managed by electric and wall furnace units. The home includes double pane windows for energy efficiency. There is a two-car garage available for parking and storage. Total parking is 61 spaces, 31 in carport*1.9 acres of lot size*Great unit mix, 2 three bedrooms, 6 one bedroom and 24 two bedroom units*Units are professionally managed*Please note Cap rate!!Conveniently located to Gilroy Outlets, Costco Wholesale, Walmart, and Cal Train Gilroy Station*Just down the street from Eliot Elementary which makes this a great convenience for tenants*
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Additional Information
- Taxes
- $103,856
- Heat
- Electric, Wall Furnace
- Cooling
- Yes
- Roof
- Composition
- Water
- Public
- School District
- Gilroy Unified
- Attached Structure
- Detached
- Gross Scheduled Income
- $952,238
Listing courtesy of Listing Agent: Tom Antonopoulos (rpibrkr@gmail.com) from Listing Office: Real Property Investments.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.