St.Isabel Apartments

7191 Eigleberry St., Gilroy, CA

$3,200,000

Price

6,992 sqft

Building Size

0.28 acres

Lot Area

Overview
Building Size
6,992 sqft
Lot Area
0.28 acres
Occupancy
100%
Units
8
Year Built
1980
Description

St. Isabel Apartments is an excellent opportunity to acquire 8 Town Home style residences within a stable and growing rental market . The property features (6) - 2 Bed / 1.5 Town Homes plus (2) - 1 Bed/1 Bath apartment homes. (7) of the eight apartment homes were completely renovated in 2014 by the previous owner including new carpet, plank flooring made from a commercial grade composite in the kitchen and bathrooms, new 3 floor moldings, lighting, two-tone paint, oiled bronze hardware and faucets through-out, 2 panel interior doors, electrical outlets and switches.

Tenant's pay for their own metered electric and gas. Each unit features a separate hot water heater, wall-furnace heat, and window/wall A/C.

Each unit has an exit door to a gated and well landscaped courtyard with easy access to the onsite laundry facility.

Gilroy has become a great option for employees seeking relief from the inflated rents of San Jose/Silicon Valley.

Gilroy is conveniently located 20 minutes from the San Jose/Santa Clara tech hub and 30 minutes due east from the beaches of Santa Cruz and Capitola. As Silicon Valley has decreased in affordability cities such as Gilroy are a great attraction to employees escaping inflated housing costs. Known for its Gilroy Premium Shopping Outlets that attract so many consumers Gilroy also features a historic downtown with shops, restaurants, and bars. Historically a strong rental market the subject property is located in close proximity to major anchored commercial amenities that feature Target, Grocery Outlet, Kohl's, Marshalls, Lowe's, Costco, Walmart, and many more.

Highlights
  • Town Home Style units with gated courtyard
  • Excellent unit mix
  • Parking garages plus covered parking
  • Strong and growing rental market only 20 minutes from Silicon Valley
  • Close proximity to major anchored commercial amenities and Gilroy Outlets
  • Walking distance to Caltrain Station connecting Gilroy to San Jose, SF, Santa Clara

Location