Incredibly unique property in North Morgan Hill. 4 single family homes on 3 separate lots. 584 Monterey Road: 2 bed 1 bath home on 0.5 acres with a 2 car garage (APN 725-11-007). 585 Monterey Road: 4 bed 1 bath home + upstairs living area, on 1 acre with a studio/cottage, 2800 sq ft Barn, and a detached single car garage (APN 725-11-008). 586 Monterey Rd: 3 bed 1 bath home on 0.68 acre with an outbuilding (APN 725-11-020). Incredible income potential. All units are occupied with long term tenants who would like to remain. Gross monthly income $10,200 total. All flat, lots of space & parking, easy access. Close to freeway access. Shared water / wells. Square footage numbers are all approximate / estimates. Please do not drive onto the property or disturb tenants!
Incredibly unique property in North Morgan Hill. 4 single family homes on 3 separate lots. 584 Monterey Road: 2 bed 1 bath home on 0.5 acres with a 2 car garage (APN 725-11-007). 585 Monterey Road: 4 bed 1 bath home + upstairs living area, on 1 acre with a studio/cottage, 2800 sq ft Barn, and a detached single car garage (APN 725-11-008). 586 Monterey Rd: 3 bed 1 bath home on 0.68 acre with an outbuilding (APN 725-11-020). Incredible income potential. All units are occupied with long term tenants who would like to remain. Gross monthly income $10,200 total. All flat, lots of space & parking, easy access. Close to freeway access. Shared water / wells. Square footage numbers are all approximate / estimates. Please do not drive onto the property or disturb tenants!
Welcome to this spacious 8-bedroom, 5-bathroom home located in the vibrant city of Morgan Hill. Encompassing 3,172 square feet of living space on a generous 13,700 square foot lot, this property is perfect for large families or those who love entertaining. The well-appointed kitchen features granite countertops, a dishwasher, a microwave, and a refrigerator, providing everything you need for culinary adventures. The home boasts beautiful hardwood and tile flooring, creating a warm and inviting atmosphere. Cozy by the fireplace on cooler evenings, and enjoy the convenience of central AC and additional window/wall units for year-round comfort.
Awesome investment property great for rental units, AirB&B, or multi-generational families. Two separated floors with a total of 9 bedrooms, 6 bathrooms, 3 laundry areas, and two kitchens (one is technically a wet bar) this home is versatile and can serve many uses. Seller is working on plans/permit to convert to legal duplex/triplex. All bathrooms have been recently updated and the home has great outdoor spaces looking out over an open pasture. Most bedrooms have exterior entry access and can be rented out individually. Parking for up to 7 cars off-street. Buyer to assume Solar Lease for $170/mo.
The median home value in Morgan Hill, CA is $1,121,000. This is lower than the county median home value of $1,450,100. The national median home value is $338,100. The average price of homes sold in Morgan Hill, CA is $1,121,000. Approximately 70.3% of Morgan Hill homes are owned, compared to 26.56% rented, while 3.14% are vacant. Morgan Hill real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Morgan Hill real estate agent to arrange a tour today!
Morgan Hill, California has a population of 45,267. Morgan Hill is less family-centric than the surrounding county with 38.74% of the households containing married families with children. The county average for households married with children is 38.78%.
The median household income in Morgan Hill, California is $139,161. The median household income for the surrounding county is $140,258 compared to the national median of $69,021. The median age of people living in Morgan Hill is 38.5 years.
The average high temperature in July is 87 degrees, with an average low temperature in January of 39.7 degrees. The average rainfall is approximately 21.3 inches per year, with 0 inches of snow per year.