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- LoopNet Team
8101 Kelton Dr
Gilroy, CA 95020
Multifamily Property For Sale · 18 Units
Investment Highlights
- Generous 1.4 acre lot
- Private attached garages with direct unit access
- Extensive interior/exterior renovations - 11 fully renovated units
PROPERTY FACTS
No. Units | 18 | Building Size | 20,742 SF |
Property Type | Multifamily | Average Occupancy | 100% |
Property Subtype | Apartment | No. Stories | 2 |
Apartment Style | Garden | Year Built/Renovated | 1987/2020 |
Building Class | B | Parking Ratio | 2.07/1,000 SF |
Lot Size | 1.40 AC |
No. Units | 18 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Garden |
Building Class | B |
Lot Size | 1.40 AC |
Building Size | 20,742 SF |
Average Occupancy | 100% |
No. Stories | 2 |
Year Built/Renovated | 1987/2020 |
Parking Ratio | 2.07/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Stainless Steel Appliances
- Carpet
- Yard
- Freezer
- Vinyl Flooring
About 8101 Kelton Dr , Gilroy, CA 95020
Sonata Townhomes consists of (18) 3 bedroom / 1 ½ bath townhomes in a family oriented residential neighborhood in northwest Gilroy and provides the benefits of a "single-family home" lifestyle and historically securing long-term residents for owners. Townhome units are unique in Gilroy and its surrounding neighborhoods, and three-bedroom units are even more rare in the local markets. Sonata brings a high demand rental option to this dynamic location in Santa Clara County. 18 townhomes in 5 buildings are dispersed on a generous 1.4 acre parcel and open green spaces. 11 of the units have been recently renovated with sophisticated upgrades including new quartz countertops, interior LED lighting, new vinyl wood plank flooring, fixtures and hardware, window coverings, custom paint, and new appliances. Residents appreciate the added convenience of private fenced patios, the comfort of forced individual air conditioners, washer/dryer hookups, and individual garages with automatic garage door openers and direct in-unit access. Sonata offers additional rent growth thru a combination of the generous California rent control ordinance (5% + annual CPI index = 7.8% in 2019), and continuation of the unit renovation program for the remaining 7 thus capturing $180 per unit/month income growth. The property has received a clean property inspection report and Section 1 termite clearance, based on the seller’s attention to remediation of maintenance items including, exterior siding and trim repairs, drainage repairs, new LED exterior lighting lends itself to owners pride of ownership. * Buyer to verify square footage
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
3+2 | 18 | $2,748 | 1,500 |
PROPERTY TAXES
Parcel Number | 790-39-023 | Improvements Assessment | $5,592,317 |
Land Assessment | $4,689,853 | Total Assessment | $10,282,170 |
PROPERTY TAXES
zoning
Zoning Code | R-3 |
R-3 |
Listing ID: 18664970
Date on Market: 2020-02-27
Last Updated:
Address: 8101 Kelton Dr, Gilroy, CA 95020