590 Stoney Ct - Apartments FOR SALE


Gilroy, CA 95020
$5,320,000 USD
626-483-5136
590 Stoney Ct, Gilroy, CA for Sale
$5,320,000 USD
Apartments - FOR SALE
1/16
null | 6.22% Cap Rate

590 Stoney Ct
Gilroy, CA 95020


HIGHLIGHTS

  • (19) 2 Bed 1 Bath Units. One unit currently vacant.
  • 4 separate two story buildings.
  • Property sits on a 0.95 acre lot.

OVERVIEW

The R&Z Group of Compass Commercial is excited to introduce 590 Stoney Ct, Gilroy CA 95020! This property is composed of 4 separate buildings and assigned carports. Located 35 miles from the City of San Jose, properties like these often attract tentants that are looking to commute to Silicon Valley and its surroundings. This standout property boasts a versatile unit mix of (19) 2 Bed, 1 Bath units. With approximately 15,960 square feet of living space on a 0.95-acre lot, this building promises both comfort for tenants and strong rental income potential for investors. Built in 1985 all of the buildings in this property sit on concrete slabs, and are equipped with Gould main and semi panels. The property is located in the heart of Gilroy, CA. With a short drive away from the Gilroy Outlets, Costco Wholesale, and Walmart. 590 Stoney Ct is also less than one mile away from the Cal Train Gilroy station, facilitating the commute to the south bay area and Peninsula for tenants. Don’t miss this rare chance to invest in Santa Clara County’s hidden gem! Reach out to The R&Z Group of Compass Commercial today to schedule a viewing and secure 590 Stoney Ct, Gilroy CA as your next great investment.

FOR SALE DETAILS

PRICE

$5,320,000 USD

PRICE/SF

$319 USD /SF

# OF UNITS

19

PRICE/UNIT

$280,000

CAP RATE

6.22%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,208 SF

ZONING

R3, Gilroy

APN/PARCEL ID

841-10-055,841-10-056

ASK ABOUT THIS PROPERTY

Ray RodriguezCompass CommercialMore Info
626-483-5136

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Ray RodriguezCompass CommercialMore Info
626-483-5136

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.