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1060 South Street

Hollister, CA 95023
  • $2,250,000
  • STATUS: Active
  • ON SITE: 136 Days
  • ID#: ML81945242
UPDATED: 112 min ago
$2,250,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,308
    SQFT
  • $522
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2023
County:

School Ratings & Info

School District:
Listing Agent(s): Sam Runco of Marcus & Millichap ((650) 391-1700) and Philip Batlin of Marcus & Millichap((650) 391-1700)


Description

Dive into the heart of the thriving Hollister real estate market with the brand-new construction at 1060 South Street. This property, strategically positioned and meticulously designed, promises not just returns but a stable and growing cash flow. With four townhome-style units, each offering a spacious 2-bedroom, 2 1/2 bathroom layout, investors can anticipate consistent rental income from a diverse tenant base. Modern amenities such as in-unit washer and dryer facilities, state-of-the-art heating and air conditioning systems, and ample parking spaces ensure premium rents and reduced vacancies. Each unit is separately metered. As a brand-new construction, investors can look forward to minimal maintenance costs in the initial years, maximizing net operating income. This property is investor-ready from day one, allowing you to dive straight into returns without the need for initial repairs, renovations, or upgrades. The property is currently completely vacant, all numbers are estimated.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-02T00:30:35.017. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Rusnell Real Estate Group | Vista Sotheby's. Licensed in the State of California, USA.
www.rusnellproperties.com/homes/144451024
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1060 South Street Hollister, CA 95023

  • Price: $2,250,000
  • Status: Active
  • On Site: 136 Days
  • Updated: 112 min ago
  • ID#: ML81945242
0
Beds
0
Baths
0
½ Baths
0.23
Acres
4,308
SQFT
$522
$/SQFT
2023
Built
Neighborhood:
699 - Not Defined
County:
San Benito
Area:
699 - Not Defined
School District:
Other
Property Description
Dive into the heart of the thriving Hollister real estate market with the brand-new construction at 1060 South Street. This property, strategically positioned and meticulously designed, promises not just returns but a stable and growing cash flow. With four townhome-style units, each offering a spacious 2-bedroom, 2 1/2 bathroom layout, investors can anticipate consistent rental income from a diverse tenant base. Modern amenities such as in-unit washer and dryer facilities, state-of-the-art heating and air conditioning systems, and ample parking spaces ensure premium rents and reduced vacancies. Each unit is separately metered. As a brand-new construction, investors can look forward to minimal maintenance costs in the initial years, maximizing net operating income. This property is investor-ready from day one, allowing you to dive straight into returns without the need for initial repairs, renovations, or upgrades. The property is currently completely vacant, all numbers are estimated.
Exterior Features

Carport Spaces 4 Carport YN Yes Parking Features Carport Parking Total 4 Roof Other View YN No

Interior Features

Accessibility Features None Cooling Central Air Cooling YN Yes Heating Forced Air Heating YN Yes

Property Features

Association YN No Cap Rate 4.98 Garage YN No Gross Scheduled Income 148800 Insurance Expense 3000 Listing Agreement Exclusive Right To Sell Maintenance Expense 2000 Other Expense 0 Property Sub Type Quadruplex Sewer Other Special Listing Conditions Standard Tax Annual Amount 27000 Trash Expense 0 Water Source Other Zoning R-1



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-02T00:30:35.017. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Rusnell Real Estate Group | Vista Sotheby's. Licensed in the State of California, USA.
 
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Rusnell Real Estate Group | Vista Sotheby's
16 Malaga Cove Plaza
Palos Verdes Estates CA, 90274
Listing Agent(s): Sam Runco of Marcus & Millichap ((650) 391-1700) and Philip Batlin of Marcus & Millichap((650) 391-1700)