Updated Dec 18, 2023
Kelly Alaimo, Salvatore Alaimo & Mitchell Alaimo Acquire Multifamily Property In Gilroy, CA For $6.1M
1068 Monte Bello Drive, Gilroy, California 95020, United States
$6,142,022
$2,531/SF
Building Size
2,426 SF
Asset Type
MultiFamily
Closing
Jun 13, 2022
About this deal
AI
This multifamily property located at 1068 Monte Bello Dr in Gilroy, CA was recently sold. The sale took place on June 14, 2022, and the transaction involved a total price of $6,142,022. The property has a total square footage of 2,426, resulting in a price per square foot of $2,531.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $6,142,022
- Address: 1068 Monte Bello Dr, Gilroy, CA
- Market: Gilroy, CA
- Buyer: Kelly Alaimo, Salvatore Alaimo & Mitchell Alaimo
- Seller: Brian L Kenyon & Sandra M Kenyon
- Square Footage: 2,426
- Price per Square Foot: $2,531
The buyer in this transaction was Kelly Alaimo, Salvatore Alaimo, and Mitchell Alaimo. On the other hand, the seller was Brian L Kenyon and Sandra M Kenyon.
Players
Gilroy MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.58%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93