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.