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PRICE $2,875,000
BEDS 0
BATHS 0
HOME SIZE 4,878 sqft
LOT SIZE 12,284 sqft
Request More Info Schedule a Showing
5.07% CAP RATE! Two brand new (May 2024) 750 Sq. Ft. 2-bedroom/2-bath townhomes, all electric with solar, heatpump, all new everything! Plus Main Building with 5 units ( four 1-bedroom, 1- two-bedroom) that have all been remodeled over the past 5 years (new kitchens, new baths, new flooring, fresh paint, updated plumbing and electric). 3 units just had new flooring and bathrooms installed. On-site parking for all units. This property currently generates $218,820 in Annual Gross Rents ($182,35/month) and a Net Operating Income of $145763 per year resulting in a 5.0% Cap Rate and a GRM of 13.1. Tenants would very much like to stay. Property Management firm is in place to make this an easy transition for you.

LAST UPDATED 4/15/2025 YEAR BUILT 2024
COUNTY Santa Cruz STATUS Active
PROPERTY TYPE(S) Multi Family


ADDITIONAL DETAILS
HEAT Electric
LOT 0.282 acre(s)
LOT DIMENSIONS 12284.00
PARKING Off Street
SEWER Public Sewer
WATER Public
ZONING Multi-Res
Listed by Ruth Bates | 831-359-2212, Compass

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. All real estate listings in the MLSListings MLS system are marked with the MLSListings Internet Data Exchange icon (a stylized house inside a circle), and detailed information about them includes the names of the listing brokers and listing agents.

 

Based on information from MLSListings MLS as of 5/9/25 2:02 PM PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Copyright 2025 MLSListings Inc. All rights reserved.

This IDX solution is (c) Diverse Solutions 2025.


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