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Key Details
Sold Price $1,660,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81966404
Sold Date 11/29/24
HOA Y/N No
Year Built 1955
Annual Tax Amount $21,471
Lot Size 0.330 Acres
Property Description
RARE OPPORTUNITY TO EARN INCOME WHILE -- at the same time -- TAKING ADVANTAGE OF CITY PLAN FOR FUTURE DEVELOPMENT. This is income producing real estate that may become RESIDENTIAL ATTACHED LOW DENSITY DEVELOPMENT. An operating Mini Storage Facility situated on two (2) parcels - combined 1.0375 Acres - including Single Family Residence (SFR) currently occupied by on-site manager - plus 175 enclosed individual Storage Units; plus approx. 12,000 sq ft vacant land situated to the rear of the SFR. Subject parcels have been identified by City of Morgan Hill "City Plan" for future usage as "RAL" Residential Attached Low-Density" for up to "16 units per acre" (per City of Morgan Hill)
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning CT
Interior
Heating Forced Air
Cooling Central Air, Gas
Fireplace No
Exterior
Utilities Available Natural Gas Available
Roof Type Composition
Present Use Residential
Total Parking Spaces 12
Building
Story 1
Water Public
Others
Tax ID 81702012
Financing Conventional
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Bought with Robert Dudley
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