NOT LISTED FOR SALE

83 W Main Ave Morgan Hill, CA 95037

6 Beds
4 Baths
2,502 Sq Ft
5,184 Sq Ft Lot

Last Sold December 21, 2016

Last sale price $820,000 $328 Per Sq Ft

8 Days on Market

Highlights

  • Contemporary Architecture
  • 4 Car Attached Garage
  • Carpet

About This Home

As of December 2016

Great investment opportunity to have a nice Duplex within short distance to downtown Morgan Hill. Close to local shopping, restaurants, schools, Cal Train and transit. Total living space 2,502 +/- Sq.ft. on a 5,160 +/- sq.ft. lot. Fantastic Duplex Unit A (front unit) 3 bd/2 ba with 2-car attached garage, new carpet, new interior paint, new vinyl floor in kitchen/dining combo, laminate flooring in living room, washer/dryer hookup in garage, new garage door. Unit B 3 bd/2 ba with 2-car attached garage, and access to spacious back-yard through slider in kitchen/dining combo, new laminate flooring in living room, new vinyl floor in kitchen/dining combo, new carpet stairs and upstairs bedrooms, new electric range & hood, new dish washer. Master bath and Hall Bath with shower over tub, new floor covering, new sink / counter top & faucet, new toilet, new shower door, new light fixture. Washer/Dryer hook up in garage, new garage door.

Last Agent to Sell the Property

J.F. Lue

Compass License #01262587 Listed on: 10/25/2016

Compass

Last Buyer's Agent

Lili Xu

Elite Real Estate and Financial Group License #01923632

Property Details

Home Type

  • Multi-Family

Year Built

  • 1989

Lot Details

  • 5,184 Sq Ft Lot

Parking

  • 4 Car Attached Garage
  • Garage Door Opener
  • On-Street Parking

Home Design

  • Duplex
  • Contemporary Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Fiberglass Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,502 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Laminate
  • Vinyl

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $67,200

Community Details

Overview

Building Details

  • Insurance Expense $1,000
  • Maintenance Expense $2,000
  • Operating Expense $9,310
  • Gross Income $63,840

Property Details

Home Type

Multi-Family

Year Built

1989

Lot Details

0

Parking

4

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Style: Contemporary
  • Age: 27
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2502
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1989

Interior Features

  • Living Sq Ft: 2502
  • Stories: 2
  • Laundry: Hookups Only
  • Flooring: Carpet, Laminate, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Fiberglass, Shingle
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 4
  • Garage Parking Features: Attached Garage, Gate / Door Opener, On Street

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Schools

  • School District: Morgan Hill Unified

Lot Info

  • Lot Acres: 0.1190
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5161.86
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5161.86

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 12.65

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities
  • Expense Insurance: 1000
  • Expense Maintenance: 2000
  • Expenses Total: 9310
  • Income Annual Gross: 63840.00
  • Income Annual Rental: 67200
  • Income Gross Scheduled: 67200
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance
  • Tenant Expenses: Rent Only, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water
  • Vacancy Factor: 5

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2016 12/21/16 Sold $820,000 -3.5% $328 / Sq Ft
11/03/2016 11/03/16 Pending -- -- --
10/25/2016 10/25/16 For Sale $850,000 -- $340 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    J.F. Lue

    Compass

    Section Image

  • L

    Buyer's Agent in 2016

    Lili Xu

    Elite Real Estate and Financial Group

    Section Image
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Map

Source: MLSListings

MLS Number: ML81629718

MLSListings

APN: 764-16-030

California Santa Clara County Morgan Hill 95037

83 W Main Ave, Morgan Hill, CA

This home is located at 83 W Main Ave, Morgan Hill, CA 95037 since 25 October 2016. This property was built in 1989. 83 W Main Ave is a home located in Santa Clara County with nearby schools including P.A. Walsh STEAM Academy, Lewis H. Britton Middle School, and Live Oak High School.

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