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$ 1,999,999
Est. payment | /mo
6 Beds
7.5 Baths
2,685 SqFt
$ 1,999,999
Est. payment | /mo
6 Beds
7.5 Baths
2,685 SqFt
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,685 sqft
Price per Sqft $744
Lot Size 6,186 Sqft
MLS Listing ID ML82036301
Bedrooms 6
Full Baths 5
Half Baths 5
Property Description
7+ CAP Investment Opportunity! CAP rate above 7 is uncommon for multi-unit properties in Santa Cruz. Fully leased five-unit income property in prime Santa Cruz location. Property consists of a 2-bedroom main home, two detached studios (including a Jr. ADU), and two detached 2-bedroom/1-bath ADUs. All units are currently occupied, providing stable in-place rental income. Conveniently located near Highway 1, Santa Cruz Beach Boardwalk, UCSC, downtown Santa Cruz, and restaurants. Great opportunity for investors seeking a multi-unit investment property in an ideal location.
Location
State CA
County Santa Cruz
Area East Santa Cruz
Interior
Heating Electric
Cooling None
1-purchase type For Sale
Exterior
Garage Assigned Spaces
Utilities Available Public Utilities
Roof Type Aluminum Over Tar,Composition
Building
Foundation Post and Pier, Sealed Crawlspace
Sewer Cesspool, Sewer - Public
Water Individual Water Meter, Public
Others
Restrictions None
Tax ID 008-231-18-000
Security Features None
Special Sale Not Applicable
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Listed by Shawki Farhat of Raeid Farhat Real Estate Inc
Bought with Shawki Farhat of Raeid Farhat Real Estate Inc
Bought with Shawki Farhat of Raeid Farhat Real Estate Inc
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