188 Lewis Street Gilroy, CA 95020
Sale
$949,000
Units
Beds
Baths
6,534 Area(sq.ft.)
6,534 Lot Size(sq.ft.)
Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
---|---|---|---|---|---|---|---|
0 | 0 | $ 0 | $ 0 | $ 0 |
MLS #: | 81957583ML |
Days On Market: | 18 |
County: | Santa Clara |
Property Type: | Residential Income |
Price per ft2: | $ 145 |
Year Built: | 1900 |
Property Details
Great investment opportunity to live in one unit and rent the other. Originally a single-family dwelling, this corner lot property was legally converted into a duplex and renovated in 2017. It now offers two distinct units: 188 Lewis St and 7581 Alexander, each featuring 2 bedrooms and 1 bathroom. One unit is currently vacant (newly painted interior/new flooring throughout) while the other is leased to a reliable long-term tenant on a month-to-month basis, providing instant rental income. Conveniently located within walking distance of downtown Gilroy's shops and restaurants, each unit is approximately 700 sqft and includes separate utilities, a 2-car metal carport with individual storage closets, and in-unit washer/dryer facilities. Rare R3 mixed-use residential and multi-family residential zoning makes this property a great opportunity for investors and homeowners.Interested in this Listing?
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Income Details
Cap Rate: | 2.94% |
Gross Rent Multiplier: | 33.65 |
Structure
Security Features: | Fire Alarm |
Sewer: | Sewer - Public |
Water: | Public |
Land & Parking
Zoning: | R3 |
Parking Garage: | Carport, Off-Street Parking, Offsite |
Interior
AC/Cooling: | None |
Heating: | Wall |
Exterior
Roof: | Composition |
Detailed Map
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