Listed by Coldwell Banker Realty Gilroy
$4,950,000
1551, 1579, 1573 Valley View and 1211 Sunnyslope
Details
APN 057-250-002/006/008, 057-250-007
Property Type Multifamily
Sub Type Other
Square Footage 177,150
Units 20
Cap Rate 2.97%
NOI $147,231
Occupancy 100%
Price per SqFt $28
Broker Co-Op Yes
Year Built 1950
Year Renovated 2020, 2024
Stories 1
Zoning AP
Investment Type Owner/User
Occupancy Date 09/12/2025
Multifamily | 20 Units | $247,500/unit
Marketing description
This is a great older complex on 4 acres. Most have been remodeled and in good condition. May be room to add additional units. Currently 1 unit is vacant and just remodeled. 2 units are occupied by family and will be vacant at COE. Total rent is projected with market rents for these 3 units. Immediately adjacent is a 3.14 acre vacant parcel that is zoned residential. Listed for $1,700,000. owner would like to sell all, but will consider separate sales. MLS# 81975835Private:Great cash investment with room to expand. Possibly increase rents. These two parcels are part of the property 057-250-007,057-440-001 MLS# 81975835 is 3.1 acres contiguous ready to be developed.
Listing Contacts
Listed by Coldwell Banker Realty Gilroy
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$147,231.00
$12,269.25/mo
Valuation Metrics
0
DSCR
2.97%
Cap Rate
2.97%
ROI
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