Scott Murray & Gabriel Connors Present:

Exceptional Gilroy Investment

$1,699,000

All Property Photos

Property Details

Bedrooms 6

Bathrooms 6

Square Feet 3,150 sq ft

Neighborhood Gilroy

Charming Six-Unit Apartment Complex in Prime Gilroy Location - Ideal Investment Opportunity!

Discover a fantastic investment opportunity in the heart of Gilroy! This well-maintained six-unit apartment complex, located at 7810 Hanna Street, offers a blend of comfortable living and convenient access to all that Gilroy has to offer. Built in 1958, this property presents a solid foundation for steady rental income with potential for future value appreciation.
Property Highlights:

Unit Mix: The complex features a desirable mix of one-bedroom, one-bathroom units, catering to a wide range of tenants. Three units are located upstairs with lots of sunlight capturing windows, providing a unique and spacious feel. The other three units are conveniently situated on the ground floor, offering residents direct access to a well-maintained and manicured lawn. All units are approximately 525 square feet.
Shared Amenities: Upstairs units enjoy a shared hallway balcony, perfect for relaxing and socializing. On-site laundry facilities, equipped with a washer and dryer, provide added convenience for residents.
Tenant Comfort: All units feature similar layouts with a living room, kitchen, and bathroom equipped with a standard tub and shower. Appliances include an oven, refrigerator, and cooktop.
Parking: Six assigned carport spaces are available at the rear of the building, supplemented by ample street parking.
Prime Location: Enjoy proximity to downtown Gilroy's vibrant scene, with a variety of restaurants, banks, stores, gyms, and essential services just a short distance away. Daily conveniences are at your fingertips with Safeway, Nob Hill, Starbucks, Walgreens, CVS, Wells Fargo, Anytime Fitness, and Gilroy Gardens, all nearby. Brownell Middle School is conveniently located across the street.
Established Income Stream: The property benefits from an established rental history, providing immediate income for the new owner.
Tenant-Paid Utilities: Tenants are responsible for their own PG&E, cable, and internet, minimizing owner expenses.
Owner-Paid Utilities: Owner pays water, sewer, garbage, and common area PG&E.

Investment Potential:
This property offers a fantastic opportunity for both seasoned and first-time investors looking to capitalize on Gilroy's growing rental market. With its desirable location, and established income stream, this six-unit complex is a solid investment choice.
Don't miss out on this prime Gilroy investment opportunity! Contact us today to schedule a showing and learn more.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate.
Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property.

Offer Memorandum

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City of Gilroy

Gilroy, famously known as the "Garlic Capital of the World," is a vibrant and welcoming community located in Santa Clara County, California. Located in the fertile Santa Clara Valley, Gilroy is surrounded by picturesque farmland and rolling hills, creating a serene backdrop for its residents. Beyond its garlic heritage, Gilroy offers a diverse array of amenities and attractions, including charming downtown boutiques, local wineries, and recreational opportunities such as hiking, biking, and golfing. Families are drawn to Gilroy for its schools, neighborhoods, and community-oriented events. With its small-town charm, agricultural heritage, and convenient location near major highways and Silicon Valley, Gilroy offers residents a unique blend of rural tranquility and suburban convenience.