This Historical Dutch Colonial 5-Plex Breaks Down as such: 3 bed/2 bath main residence with 3 apartments above, as well as a detached 3 bed/1 bath home toward the rear of this over-sized lot. The third structure is a common area laundry room with 1 set of coin operated machines and an attached storage room. The main residence has its own private laundry room and basement for additional storage. There is a large covered parking area with alley access and heavy duty security gate, low maintenance yards with expansive concrete parking area in rear, main residence has been freshened up with flooring, paint, and more, and shows in good condition. Main residence is not yet rented and cap rate is based on projected/potential rents...this one pencils VERY nicely once rents hit market rate and the property is in overall good condition.
Morgan Hill / Gilroy / San Martin
Room Air Conditioner(s), Ceiling Fan
Concrete Perimeter, Crawl Space
|Price Reduced (from $1,099,950)||$999,950||$100,000 (9.09%)|
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