Comm Ri Multi-units 5+ For Sale
4,000 Sqft - 8001 Church Street, GILROY, California 95020
Property Description
Situated in the emerging Gilroy market, 8001 Church St presents a rare opportunity to acquire a 5 unit multifamily complex on the southern tip of Santa Clara County. This unique offering features a 3 BR 2 BA Single Family and a fourplex comprising of all 2 BR 1 BA units on a large 10,612 SF lot. Tenants enjoy the use of a yard and being in close proximity to local major attractions with convenient access to Highway 101. Trash service is paid for by residents, which reduces expenses for the future ownership. Offered at 6.28% Current CAP Rate/12.04 GRM Pro Forma 6.56% CAP Rate/11.64 GRM, the asset will provide investors with high cash flow on day one in an area with limited inventory Contact us for the Complete Marketing Package
Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : ML81866678
Price : $2,000,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 4,000 Sqft
Year Built : 1947
Lot Area : 0.24 Sqft
Features
Heating System : Wall Furnace
Address Map
Country : US
State : CA
County : Santa Clara
City : GILROY
Zipcode : 95020
Street : Church Street
Street Number : 8001
Floor Number : 0
Longitude : W122° 25' 26.5''
Latitude : N37° 0' 55.5''
MLS Addon
Office Name : Compass
Building Type : Other
Area : Morgan Hill/Gilroy/San Martin
Address : 8001 Church Street
Directions to Property : Google/Apple Maps
LA1User Code : MLL5082608
LA1Agent First Name : Theodore
LA1Agent Last Name : Wong
Status Category : Active
Tot # Parking Spaces : 2
Tot # of Units : 5
Zoning : R3
List $/SqFt : $0
Age : 74
Apx Lot Sq Ft : 10,612 Sqft
Type of Building : Apt Complex
Annual Taxes : $25,540
Total Deposits : $0
ALL UNITS HAVE : Refrigerator
EXTERIOR : Wood
LOT DESCRIPTION : Level
OPERATING EXPENSES : Electric, Insurance, Maintenance/repair, Vacancy Factor, Water
TENANT PAYS : Electric, Trash
WATER/SEWER : Water - Public, Sewer System - Public
Bus Sq Ft of Bldg : 0 Sqft
Other Loans (Y/N) : No
1st Loan Balance : $0
2nd Loan Balance : $0
Tot Other Loans : $0
Financial Data Verif(Y/N) : 6.28
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $2,200,000
Sold Price : $0
Previous Price : $0
Sale $/SqFt : $0
Gross Oper Actual Inc : 0
Annual Gross Sched Inc : 166068
Net Oper Income : 125633
Annual Mgmt Exp : 0
Annual License Exp : 0
Annual Util Exp : 2547
Other Ann Exp : 0
Tot Ann Oper Exp : 0
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 0
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Gross Rent Multiplier : 12.04
List Agent DRE Num. : 02016737
Filtered Address : 8001 Church ST
LA1Agent License ID : 02016737
LA1Old Agent ID : 381761
LA2Agent First Name : Sam
LA2Agent Last Name : Jalili
LA2User Code : MLL5080824
LA2Old Agent ID : 373177
LA2NRDS_ID : 198036012
Annual Vacancy : 0
Gross Income : 0
Sale/Original $ : 0
Annual Exp Yr : 0
Sale $/SqFt : 0
1st - Yrs Remaining : 0
Sale/Last List $ : 0
Interest Rate : 0
Board ID : Datashare MLSListings
Assessors Parcel No : 790-35-007
Showing : Do Not Disturb Occupants,Subject to Inspection
LO2Office Name : Compass
LO1Main Office ID : 68828
LO1Board ID : 0
LO2Office Identifier : 68828
LO2Main Office ID : 68828
SO1Office Identifier : 0
SO1Board ID : 0
SO2Office Identifier : 0
SO2Office Type : 0
VOW Include : Yes
VOW Address : Yes
VOW Comment : Yes
VOW AVM : Yes
Status Detail : 0
Search Price : 2000000
Address Search Number : 8001
Listing Agent : 333640
Listing Office : 68828
Co-List Agent : 328873
Listing Office 2 : 68828
Apprx Equity : 0
Buyer Agent 1 : 0
Buying Office 1 : 0
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 16
Input Date : 01/11/2021 00:00:00
Update Date : 16/12/2021 10:02:38
PhotoTimestamp : 30/11/2021 01:21:47
First Photo Add Timestamp :
List Date : 01/11/2021
Expire Date :
Pending Date :
Closing Date :
Status Date : 14/10/2021
Price Date :
Off Market Date :
Status : Active
Dual Variable : No
HOA : No
Off Market Status Date :
LVT Date :
DOMLS : 46
Cumulative DOMLS : 46
Unit # 1 # of Bedrooms: 2
Unit # 1 Approx. SqFt: 700
Unit # 1 Rent: 2550
Unit # 2 # of Bedrooms: 3
Unit # 2 Approx. SqFt: 1200
Unit # 2 Rent: 3250
