2055 Rucker Avenue, Gilroy, California 95020

$699,900

Property Type

Land

City

Gilroy

Status

Active

Build your home on approximately 7 acres in unincorporated Gilroy through a 50% tenants-in-common (TIC) ownership opportunity. This offering is for an undivided half interest in the entire property, with use of a designated homesite and outdoor area to be established in a written TIC agreement. Plans for a second home of approximately 4,500 square feet or whatever home you can dream of, a septic system, a shared well, and separate electrical meter positions offer a head start on the vision. The other 50% owner would use the existing home and its designated area. Enjoy room to create your own rural retreat while sharing ownership of the larger property. Request the plans, property information, and proposed TIC terms. Buyer to verify permits, building requirements, utility capacity, financing, and all intended uses and TIC agreement.