2055 Rucker AVE, Gilroy, CA 95020

Property Description

Own a 50% interest in approximately 7 acres in unincorporated Gilroy. This proposed tenants-in-common (TIC) sale offers a buyer the opportunity to own an undivided half interest in the property, with use of the existing home and designated outdoor areas to be defined in a written TIC agreement. The property offers a rural setting with a seasonal stream, a shared well, two septic systems, separate electrical meter positions, and plans for a second home of approximately 4,500 square feet. The seller intends to retain the other 50% interest and develop the second home. An opportunity for a buyer who wants acreage and a home while sharing ownership of the larger property. Ask for the property information and proposed TIC terms. Buyer to verify permits, improvements, occupancy status, permitted uses, and financing options.