7560 Chestnut Street, Gilroy, CA

 

4 Units

 

7560 Chestnut Street Gilroy 4 Units Multi Family For Sale

 

$1,449,000

 

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Complex Notes:

 

 

  • Units 1 and 3 are two bedroom / one bathroom units.
  • Units 2 and 4 are three bedroom / one bathroom units.
  • Units 2 and 4 are the most updated with some granite counters and newer kitchen counters.
  • The units all have rents below current market rents. The three bedroom market rents are estimated at $2,900. The two bedroom market rents are estimated at $2,100.
  • The units are heated with natural gas wall furnaces.
  • The kitchen stoves are natural gas.
  • The property has ample off street parking.
  • The complex exterior is stucco.
  • The complex is a short distance to downtown Gilroy with its many restaurants, banks, stores, gyms, and other services. The property is also close to Safeway, Nob Hill, Starbucks, Costco, Walgreens, CVS, Wells Fargo, and Anytime Fitness.
  • The complex is 3,350 square feet was constructed in 1972.
  • Laundry facility with a coin operated washer and dryer. The owner collects all income and pays a monthly equipment rental fee.
  • The owner pays water, sewer, garbage, and common area PG&E. Tenants pay their own PG&E, cable, and internet.
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Gilroy Facts:

 

  • The estimated population is 59,250 as per the 2020 Census.
  • As of September 2024, the median Gilroy home price is $1,127,950 according to Realtor.com.
  • 37% of the work force commutes to Silicon Valley, which is 34 miles away.
  • Gilroy has rail access via Cal Train to the San Jose Metro and Lite Rail systems.
  • Gilroy is known as the Garlic Capitol of the World and is home to the annual Garlic Festival held in July.
  • Gilroy has access to the St. Louise Hospital.
  • Gavilan Community College, with a 7,300 student enrollment, is located in Gilroy.
  • The Gilroy Premium Outlet Center has 150 stores and is one of the nations largest.
  • Major employers include: Christopher Ranch, Gilroy Foods, Olam Spices & Vegetables, Headstart Nursery, and Cintas.

 

 

Plot Map

 

7560 Chestnut Street Parcel Map

 

 

 

Area Map

 

7560 Chestnut Street Gilroy Area Map

 

 

 

 

 


Download PDF Brochure

 

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