Bought with Tom Antonopoulos • Real Property Investments
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Key Details
Sold Price $3,384,000
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 8,294 sqft
Price per Sqft $408
MLS Listing ID ML82040415
Bedrooms 2
Full Baths 1
Year Built 1980
Lot Size 0.530 Acres
Property Sub-Type Five or More Units
Property Description
Finally, an income property that has been taken care of and then makes sense for an investor. Well maintained over the years. Tenants are long term some over 20 years. That tells you alot about the owners!!All two bedroom one bath. At the end of the court makes for very little traffic and keeps the neighborhood noise to a minimum. The units are very clean and neat this is definitely what investment properties should look like...Pride of Ownership. Please, make offer subject to inspection and do not bother the tenants. This is a great cap rate, using the property tax on sales price. Another GREAT FEATURE is each unit has their own hot water heater, which means owner does not pay to heat their water!! Thank you!!
Location
State CA
County Santa Clara
Area Morgan Hill / Gilroy / San Martin
Zoning R3
Rooms
Kitchen Cooktop - Electric, Countertop - Tile, Exhaust Fan, Oven Range - Electric, Refrigerator
Interior
Heating Wall Furnace
Cooling Ceiling Fan
Laundry Coin Operated
Exterior
Parking Features Covered Parking, Parking Area
Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities
Roof Type Composition
Building
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Others
Special Listing Condition Not Applicable
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