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$ 1,945,000

Est. payment | -/mo

6 Beds

3 Baths

2,250 SqFt

Save

$ 1,945,000

Est. payment | -/mo

Save

6 Beds

3 Baths

2,250 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,250 sqft

Price per Sqft $864

Lot Size 9,409 Sqft

MLS Listing ID ML82028725

Bedrooms 6

Full Baths 3

Property Description

Outstanding rental property investment opportunity in central Santa Cruz! Well maintained triplex with many recent improvements, highly desirable two-bedroom apartments, and a strong rental history. Ideally located near the rapidly growing downtown area with a Very walkable and Bikers Paradise Offers easy access to restaurants, shops, Whole Foods Market, Highway 1, the pier, Boardwalk, and beaches. Each unit has a private outdoor patio area and rare attached two-car garage that provides ample options for off-street parking, storage, and bonus living space. Below market rents compared to current Zillow rental rates provide an opportunity to improve cash flow and property value by raising rents to market rates upon tenant turnover. Upside potential, lower operating expenses due to improvements, and the potential for long-term value appreciation make this an excellent investment opportunity in a prime Santa Cruz location. Recent improvements include a newer roof, exterior paint job, sewer lateral replacement, water main replacement, newer water heaters, and interior flooring updates. Triplexes in Santa Cruz with this excellent condition, desirability, and long-term stability are rare in Santa Cruz. Don't miss this opportunity!

Location

State CA

County Santa Cruz

Area East Santa Cruz

Zoning R-1-5

Rooms

Kitchen Dishwasher, Garbage Disposal, Hood Over Range, Oven Range - Electric, Refrigerator

Interior

Heating Electric

Cooling None

Flooring Carpet, Laminate, Vinyl / Linoleum

1-purchase type For Sale

Exterior

Exterior Feature Balcony / Patio

Garage Attached Garage

Garage Spaces 6

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Shingle

Building

Lot Description Regular

Story 1

Foundation Crawl Space

Sewer Sewer - Public

Water Public

Story 1

Others

Tax ID 008-333-23

Security Features None

Horse Property No

Special Sale Not Applicable

Listed by Marshall Keneipp of Miritz & Bailey Real Estate, Inc
Bought with Marshall Keneipp of Miritz & Bailey Real Estate, Inc

136 Market ST Santa Cruz, CA 95062