7530 Church St - Apartments FOR SALE


Gilroy, CA 95020
$1,950,000 USD
408-438-0969
7530 Church St, Gilroy, CA for Sale
$1,950,000 USD
Apartments - FOR SALE
1/8
null | 2.91% Cap Rate

7530 Church St
Gilroy, CA 95020


HIGHLIGHTS

  • Great investment opportunity located in Gilroy
  • Rare unit mix with three detached homes offering strong upside potential in rents
  • Desirable unit mix: 1 (3BD/1BA) and 2 (2BD/1BA) homes
  • Extensive upgrades with 2022 IB Membrane roof replacements for 2/3 of the buildings
  • Features mix of stainless steel and white appliances, private outdoor spaces with fenced backyards and in-unit washer/dryer hookups
  • Located one block from Downtown Gilroy, near local amenities and attractions

OVERVIEW

Magnify is pleased to exclusively present the opportunity to acquire 7530 Church St, a prime property located in Gilroy. This unique investment boasts a rare unit mix of three (3) detached homes, offering a strong upside potential in rents, coupled with the enticing opportunity for owner occupancy, making it an attractive prospect for investors seeking both immediate returns and long-term growth Constructed in 1914, the property consists of 1 three-bedroom/one-bathroom and 2 two-bedroom/one-bathroom detached homes. With approximately 3,407 square feet of building and a spacious lot spanning 8,775 square feet, the property offers ample space for tenants and potential development. Each unit features in-unit washer and dryer hookups, fenced backyards, and a mix of stainless steel and white appliances. Notable highlights include recent capital improvements, such as replacing 2/3 of the buildings' roofs with IB Membrane in 2022. With 18 feet between Unit A and B, buyers may explore the potential for an SB9 lot split. The property enjoys a prime location just one block away from Downtown Gilroy, offering convenience and accessibility to local amenities and attractions. Finally, it provides easy access to highways 101 and 152. ****OPEN HOUSE THIS SUNDAY FEBRUARY 2, 2025 FROM 2PM TO 4PM****

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$572 USD /SF

# OF UNITS

3

PRICE/UNIT

$650,000

CAP RATE

2.91%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1914

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,775 SF

ZONING

R3

APN/PARCEL ID

799-06-032

ASK ABOUT THIS PROPERTY

Eric KatzMagnifyMore Info
408-438-0969

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Eric KatzMagnifyMore Info
408-438-0969

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