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    285 Main Avenue

    Morgan Hill, CA 95037
    • $1,300,000
    • STATUS: Active
    • ON SITE: 302 days
    • ID#: ML81797255
    UPDATED: 77 min ago
    $1,300,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,342
      SQFT
    • $969
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1920
    County:

    School Ratings & Info

    Description

    HUGE PRICE REDUCTION!!! This is a mix-use property. The main home has two bedrooms and two bathrooms. It has an attached 783 sq. ft. Hair Salon. Owners live in the home and wife uses the Hair Salon for her business. City will allow Multi-Unit housing complex to be built on the lot. Check with City of Morgan Hill for details. Property is zoned Mixed Use (MU-N). Some of the possible business uses include Day Care, Senior Housing, Care Facility, General Retail, and Professional Office. Owner has installed a commercial water supply valve on the property. The Hair Salon has fire sprinklers and is ADA compliant. Property is located on a moderately high traffic street with walking distance to Downtown Morgan Hill. This property has the potential to run a business in the front of the home, live in the back of the home and build a multi-unit home on the lot. The possibilities are only limited by one's creativity and, of course, compliance with City zoning laws.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-17T12:27:15.94. 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 Realty Masters & Associates. Licensed in the State of California, USA.
    www.mckeeregroup.com/homes/107005783
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    285 Main Avenue Morgan Hill, CA 95037

    • Price: $1,300,000
    • Status: Active
    • Updated: 77 min ago
    • ID#: ML81797255
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1,342
    SQFT
    $969
    $/SQFT
    1920
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Santa Clara
    Area:
    699 - Not Defined
    Property Description
    HUGE PRICE REDUCTION!!! This is a mix-use property. The main home has two bedrooms and two bathrooms. It has an attached 783 sq. ft. Hair Salon. Owners live in the home and wife uses the Hair Salon for her business. City will allow Multi-Unit housing complex to be built on the lot. Check with City of Morgan Hill for details. Property is zoned Mixed Use (MU-N). Some of the possible business uses include Day Care, Senior Housing, Care Facility, General Retail, and Professional Office. Owner has installed a commercial water supply valve on the property. The Hair Salon has fire sprinklers and is ADA compliant. Property is located on a moderately high traffic street with walking distance to Downtown Morgan Hill. This property has the potential to run a business in the front of the home, live in the back of the home and build a multi-unit home on the lot. The possibilities are only limited by one's creativity and, of course, compliance with City zoning laws.
    Exterior Features

    Carport Spaces 2 Carport YN Yes Exterior Features Kennel Foundation Details Concrete Perimeter Lot Features Back Yard Parking Features Covered Parking Total 4 Roof Composition

    Interior Features

    Accessibility Features Customized Wheelchair Accessible Appliances Gas Cooking Cooling Central Air Cooling YN Yes Heating Forced Air Heating YN Yes

    Property Features

    Cap Rate 1.55 Garage YN Yes Gross Scheduled Income 30000 Insurance Expense 1000 Listing Agreement Exclusive Right To Sell Listing Service Full Service Maintenance Expense 600 Possession Close Plus Special Listing Conditions Standard Trash Expense 400 Utilities Natural Gas Available Zoning Cc

    Listing provided courtesy of Julian Mancias of Julian Mancias, Broker and Debbie Lowery of Julian Mancias, Broker


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-17T12:27:15.94. 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 Realty Masters & Associates. Licensed in the State of California, USA.
     
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