7060 Princevalle St, Gilroy, CA 95020

7060 Princevalle St is a rare 4 unit apartment building strategically located in the emerging Gilroy market on the southern tip of Santa Clara County. Originally constructed in 1964, the complex features (4) Large Two Bedroom One Bath Units, (9) parking spaces and a storage room. Tenants enjoy the use of their own private patios and being in close proximity to local major attractions with convenient access to US 101. The storage room has the potential to be converted into a laundry room and generate additional income for the property. Additionally, trash service is paid for by residents, which reduces expenses for the ownership. Offered at 5.37% Current CAP Rate/13.87 GRM Pro Forma 5.69% CAP Rate/13.29 GRM, the asset qualifies for attractive residential financing and will provide investors with high cash flow on day one. Contact us for the Complete Marketing Package