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7060 Princevalle Street

Gilroy, CA 95020
  • $1,700,000
  • STATUS: Active Under Contract
  • ON SITE: 78 Days
  • MLS #: ML81866664
Under Contract
UPDATED: 15 min ago
$1,700,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Listing Agent(s): Theodore Wong of Compass (408-754-1500) and Sam Jalili of Compass(408-754-1500)


Description

7060 Princevalle St is a rare 4 unit apartment building strategically located in the emerging Gilroy market on the southern tip of Santa Clara County. Originally constructed in 1964, the complex features (4) Large Two Bedroom One Bath Units, (9) parking spaces and a storage room. Tenants enjoy the use of their own private patios and being in close proximity to local major attractions with convenient access to US 101. The storage room has the potential to be converted into a laundry room and generate additional income for the property. Additionally, trash service is paid for by residents, which reduces expenses for the ownership. Offered at 5.37% Current CAP Rate/13.87 GRM Pro Forma 5.69% CAP Rate/13.29 GRM, the asset qualifies for attractive residential financing and will provide investors with high cash flow on day one. Contact us for the Complete Marketing Package

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-19T00:25:45.64. 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 deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
www.carlilerealty.com/homes/122942444
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7060 Princevalle Street Gilroy, CA 95020

  • Price: $1,700,000
  • Status: Active Under Contract
  • On Site: 78 Days
  • Updated: 15 min ago
  • MLS #: ML81866664
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1964
Built
Neighborhood:
699 - Not Defined
County:
Santa Clara
Area:
699 - Not Defined
Property Description
7060 Princevalle St is a rare 4 unit apartment building strategically located in the emerging Gilroy market on the southern tip of Santa Clara County. Originally constructed in 1964, the complex features (4) Large Two Bedroom One Bath Units, (9) parking spaces and a storage room. Tenants enjoy the use of their own private patios and being in close proximity to local major attractions with convenient access to US 101. The storage room has the potential to be converted into a laundry room and generate additional income for the property. Additionally, trash service is paid for by residents, which reduces expenses for the ownership. Offered at 5.37% Current CAP Rate/13.87 GRM Pro Forma 5.69% CAP Rate/13.29 GRM, the asset qualifies for attractive residential financing and will provide investors with high cash flow on day one. Contact us for the Complete Marketing Package
Exterior Features

Architectural Style Patio Home Carport Spaces 3 Carport YN Yes Construction Materials Redwood SidingWood Siding Foundation Details BlockFha ApprovedSee RemarksTie Down Parking Features Attached CarportCarportOff Site Parking Total 3 Roof Asbestos ShingleShingle View None View YN No

Interior Features

Accessibility Features Parking Appliances Electric CookingElectric RangeRefrigerator Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Cap Rate 5.47 Garage YN No Gross Scheduled Income 122568 Insurance Expense 2321 Listing Agreement Exclusive Right To Sell Listing Service Full Service Maintenance Expense 2000 Possession Close Of Escrow Special Listing Conditions Standard Trash Expense 0 Zoning R3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-19T00:25:45.64. 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 deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
 
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ERA CARLILE Realty Group
1860 Howe Avenue, Suite 100
Sacramento CA, 95825
Listing Agent(s): Theodore Wong of Compass (408-754-1500) and Sam Jalili of Compass(408-754-1500)