$1,599,000

West Gilroy location with four two-bed / one-bath units averaging 900+ sq. ft/unit. Offered at a 14.68 Gross Rent Multiplier ( GRM = Sales Price / Gross Scheduled Income) on current rents, which average $2300/month. Current Santa Clara County 4-plex GRMs average 15.92. Market rent is $2600-$2900. At $2600 average rent, the GRM is 12.81 GRM, which is less than most 5+unit buildings. Three units are due for rent increases in 2025. The location is fantastic - one block south of 1st Street, with its abundant retail, restaurants, grocery stores, coffee shops, banks, pharmacies, and gyms. The asphalt composition roof is roughly 15 years old. 1210 & 1220 Juniper use the driveway on the right side of 1220 Juniper for carport access. The 1210 carports can be accessed from Westwood Drive, eliminating the need for the shared driveway.