7530 Church St 3 Unit Apartment Building $1,950,000 ($650,000/Unit) 2.91% Cap Rate Gilroy, CA 95020

We are pleased to exclusively present the opportunity to acquire 7530 Church St, a prime investment property in Gilroy. This rare find consists of three free-standing homes on one parcel, offering significant upside potential for investors or an ideal setup for owner occupancy with rental income to offset mortgage payments. With a three-bedroom home and (2) two-bedroom homes, this property caters to a variety of living arrangements, including multi-generational families or a family compound.
This property features a total building size of approximately 3,407 square feet on a spacious 8,775 square foot lot. Each home is equipped with washer and dryer hookups, private fenced yards, and a mix of hardwood and carpet flooring. Additionally, all units include refrigerators, garbage disposals, and Home B features a dishwasher. Recent capital improvements include IB Membrane roofs replaced on two of the three homes in 2022 and bathroom upgrades in Home A. Additionally, there is potential for an SB9 lot split, given the 18 feet of space between Home A and Home B. Located just one block from Downtown Gilroy, this property provides easy access to local amenities, as well as Highways 101 and 152.
Home A is a single-story residence featuring three bedrooms and one bathroom, with a mix of carpet and hardwood flooring and a spacious fenced yard, making it ideal for owner occupancy or high-rent potential. Home B is two levels and offers two bedrooms and one bathroom, an attached one-car garage, heating and air-conditioning, and washer and dryer hookups, along with a private fenced yard. It also includes a refrigerator, garbage disposal, and dishwasher. Home C, positioned at the rear of the property, is a two-story home with two bedrooms and one bathroom. It includes an enclosed two-car carport with an additional uncovered parking space, washer and dryer hookups, a refrigerator, garbage disposal, and a generous fenced backyard for added privacy. This is a rare opportunity to own a well-located, income-generating property with flexible options for investment, owner-occupancy, or family living. Contact us today to schedule a viewing or learn more about this unique offering!