626 Broadway
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626 Broadway
0.23 Acres of Residential Land Offered at $910,000 in Gilroy, CA 95020
Investment Highlights
- Build 4 individual townhomes for sale
- Prime infill lot
- Build-to-rent up to 7 high-earning units
Executive Summary
Elevate your portfolio with this exceptional infill development opportunity! Located in Gilroy, CA, this spacious shy quarter-acre lot beckons with endless possibilities for profitable townhome or rental unit construction. Site is currently divided into separate parcels, ready to build four townhomes for individual sale. Option to re-combine into one parcel and build up-to seven units for rent. Floor plans and elevations for townhomes and initial conceptual sketches for 7-unit complex available.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$220,000
|
$959,023.54
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$220,000
|
$959,023.54
|
| Taxes |
$15,000
|
$65,387.97
|
| Operating Expenses |
$15,000
|
$65,387.97
|
| Total Expenses |
$30,000
|
$130,775.94
|
| Net Operating Income |
$190,000
|
$828,247.60
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $220,000 |
| Annual Per AC | $959,023.54 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $220,000 |
| Annual Per AC | $959,023.54 |
| Taxes | |
|---|---|
| Annual | $15,000 |
| Annual Per AC | $65,387.97 |
| Operating Expenses | |
|---|---|
| Annual | $15,000 |
| Annual Per AC | $65,387.97 |
| Total Expenses | |
|---|---|
| Annual | $30,000 |
| Annual Per AC | $130,775.94 |
| Net Operating Income | |
|---|---|
| Annual | $190,000 |
| Annual Per AC | $828,247.60 |
Property Facts
| Price | $910,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 0.23 AC |
| Price | $910,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.23 AC |
1 Lot Available
Lot
| Price | $910,000 | Lot Size | 0.23 AC |
| Price Per AC | $3,966,334 |
| Price | $910,000 |
| Price Per AC | $3,966,334 |
| Lot Size | 0.23 AC |
Ready-to-build infill lot in South Silicon Valley - 4 stand-alone townhomes for individual sale or up to 7 multi-family units.
Description
Lot is cleared with utilities available at the street. Information provided for general informational purposes only. Buyer to verify all information to their own satisfaction including development options.
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Walk Score ®
Very Walkable (85)
Bike Score ®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $1,094,079 (2023) | |
| Land Assessment | $522,897 (2023) | Annual Taxes | $15,000 |
| Improvements Assessment | $571,182 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$522,897 (2023)
Improvements Assessment
$571,182 (2023)
Total Assessment
$1,094,079 (2023)
Annual Taxes
$15,000
Tax Year
2024
zoning
| Zoning Code | R3 |
| R3 |
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626 Broadway
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