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Listed by Peter Quan Nguyen • Bay Realty, DRE#01360726
$599,900
Est. payment /mo
3 Beds
1 Bath
1,551 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,551 sqft
Price per Sqft $386
MLS Listing ID ML82049555
Bedrooms 3
Full Baths 1
Year Built 1924
Lot Size 7,100 Sqft
Property Sub-Type Single Family Home
Property Description
Investor Special Gilroy Development Opportunity 332 Lewis St Unit 1/2, Gilroy, CA 95020 (APN: 841-05-002) Rare opportunity to acquire a single-family residence in the rapidly growing Gilroy market. Opportunities like this are increasingly scarce in Santa Clara County, especially at this price point. Property Highlights: Approx. 1,551 SF living area Approx. 7,100 SF flat lot Ideal for renovation, expansion, or redevelopment Multiple exit strategies: Fix & Flip, Buy & Hold, Rebuild, or Develop Asking Price: $575,000 Estimated ARV: $875,000+ (Buyer to Verify) Why this deal stands out: Significant value-add opportunity Large lot with potential for expansion and/or ADU (buyer to verify) Convenient location near downtown Gilroy, schools, parks, shopping, and major commuter routes Strong upside potential for investors, contractors, and developers Bonus Opportunity: The front parcel at 332 Lewis St (APN: 841-05-087) is also available for $100,000. Acquire both parcels to maximize future development potential and unlock additional value. Investor Terms: Sold AS-IS Cash or hard money preferred Opportunities like this rarely come to market. Serious investors, contractors, and developers are encouraged to act quickly.
Location
State CA
County Santa Clara
Area Morgan Hill / Gilroy / San Martin
Zoning R1
Rooms
Family Room Separate Family Room
Dining Room Dining Area in Family Room
Interior
Heating No Heating
Cooling None
Exterior
Parking Features Uncovered Parking
Utilities Available Public Utilities
Roof Type Composition
Building
Story 1
Foundation Crawl Space
Sewer Sewer - Public
Water Public
Level or Stories 1
Others
Tax ID 841-05-002
Horse Property No
Special Listing Condition Not Applicable
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