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
|
|
|
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
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Based on information from MLSListings MLS as of 4/27/25 12:38 AM 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.
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