7530 Church St
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7530 Church St
3 Unit Apartment Building $2,815,273 CAD ($938,424 CAD/Unit) 2.91% Cap Rate Gilroy, CA 95020
Investment Highlights
- Great investment opportunity located in Gilroy
- Desirable unit mix: 1 (3BD/1BA) and 2 (2BD/1BA) homes
- Features mix of stainless steel and white appliances, private outdoor spaces with fenced backyards and in-unit washer/dryer hookups
- Rare unit mix with three detached homes offering strong upside potential in rents
- Extensive upgrades with 2022 IB Membrane roof replacements for 2/3 of the buildings
- Located one block from Downtown Gilroy, near local amenities and attractions
Executive Summary
Magnify is pleased to exclusively present the opportunity to acquire 7530 Church St, a prime property located in Gilroy. This unique investment boasts a rare unit mix of three (3) detached homes, offering a strong upside potential in rents, coupled with the enticing opportunity for owner occupancy, making it an attractive prospect for investors seeking both immediate returns and long-term growth
Constructed in 1914, the property consists of 1 three-bedroom/one-bathroom and 2 two-bedroom/one-bathroom detached homes. With approximately 3,407 square feet of building and a spacious lot spanning 8,775 square feet, the property offers ample space for tenants and potential development. Each unit features in-unit washer and dryer hookups, fenced backyards, and a mix of stainless steel and white appliances. Notable highlights include recent capital improvements, such as replacing 2/3 of the buildings' roofs with IB Membrane in 2022. With 18 feet between Unit A and B, buyers may explore the potential for an SB9 lot split.
The property enjoys a prime location just one block away from Downtown Gilroy, offering convenience and accessibility to local amenities and attractions. Finally, it provides easy access to highways 101 and 152.
Constructed in 1914, the property consists of 1 three-bedroom/one-bathroom and 2 two-bedroom/one-bathroom detached homes. With approximately 3,407 square feet of building and a spacious lot spanning 8,775 square feet, the property offers ample space for tenants and potential development. Each unit features in-unit washer and dryer hookups, fenced backyards, and a mix of stainless steel and white appliances. Notable highlights include recent capital improvements, such as replacing 2/3 of the buildings' roofs with IB Membrane in 2022. With 18 feet between Unit A and B, buyers may explore the potential for an SB9 lot split.
The property enjoys a prime location just one block away from Downtown Gilroy, offering convenience and accessibility to local amenities and attractions. Finally, it provides easy access to highways 101 and 152.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,815,273 CAD | Apartment Style | Low Rise |
| Price Per Unit | $938,424 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 2.91% | Building Size | 3,407 SF |
| Gross Rent Multiplier | 20.1 | No. Stories | 2 |
| No. Units | 3 | Year Built | 1914 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | $2,815,273 CAD |
| Price Per Unit | $938,424 CAD |
| Sale Type | Investment |
| Cap Rate | 2.91% |
| Gross Rent Multiplier | 20.1 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 3,407 SF |
| No. Stories | 2 |
| Year Built | 1914 |
| Opportunity Zone |
Yes |
Unit Amenities
- Heating
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | 1,000 |
| 3+1 | 1 | - | 1,400 |
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Walk Score ®
Very Walkable (88)
Bike Score ®
Very Bikeable (81)
zoning
| Zoning Code | R3 (residential) |
| R3 (residential) |
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7530 Church St
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