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Archived over 2 years ago

$910,000

5+ bd 4+ ba

Gilroy, CA 95020

Residential SFR

Current Rent **

N/A

Projected Rent **

$18,500

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Rare Infill Lot in South Silicon Valley

Elevate your portfolio with this exceptional infill development opportunity! Located in Gilroy, CA, this spacious shy quarter-acre lot beckons with endless possibilities for profitable townhome or rental unit construction. Site is currently divided into separate parcels, ready to build four townhomes for individual sale. Option to re-combine into one parcel and build up-to seven units for rent. Floor plans and elevations for townhomes and initial conceptual sketches for 7-unit complex available. Lot is cleared with utilities available at the street. Information provided for general informational purposes only. Buyer to verify all information to their own satisfaction including development options.

Location:

Gilroy, CA 95020

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.