Patty Thompson
Patty Thompson, Country Properties & EstatesPhone: (831) 818-0899
Email: [email protected]

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listing
1 of 18
Commercial
$1,699,000
159 5th Street
Gilroy, CA 95020
Listed by: Hap Albers from Albers Real Estate Investment Company, 831-372-1922
MLS: MLSListings, Inc.
Est. Mortgage
$8,870/mo

This Gilroy 5-unit has much to offer inside & out. The units are large for one-bedroom units (700 sq. ft) & two-bedroom units (850 sq. ft). The four upstairs units each have vaulted open beam ceilings in the living rooms & kitchens & access to a large deck. The one downstairs unit has a large fully fenced private patio. The interiors have had some updating in the bathrooms, kitchens, and floors. Exterior: There are eight covered carports and one open parking space. The new ADU laws permit at least one new unit at 159 5th. Check with City Community Development website. The open area under units A&B with two or three carports sets up perfectly for an ADU conversion. Other positive features include iron and cement staircases, onsite laundry, and downtown Gilroy two blocks away. Very Important: Purchasing 5+ unit buildings today is better because commercial interest rates are much less than non-owner occupied 1-4 unit loans.

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Based on information from the MLSListings MLS as of 04/25/2024 06:09 PM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Information courtesy of Albers Real Estate Investment Company is subject to verification and is not guaranteed.
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