Hury dramatic price reduction by motivated Seller. Spectacular asset in a fantastic and coveted West SC location. Offered at higher Cap Rate than seen in years in quality SC location. . 4- upgraded ( major systems) existing apartments plus 3- brand new detached SFR homes. Recent upgrades to the existing apartments include new roofs, upgrades to electric/plumbing and more. In addition, fully owned (not leased) and professionally maintained solar mini grid + battery system. Provides all power to all 3 new homes; tenants are billed back for electricity and all have been sub-metered for water adding to owner monthly income. The new homes have 7 yr warranty- lowers maintenance expense.19 Total- rentable bedrooms. The location is highly desirable: close to UCSC for students, bus lines, beach,downtown As utilities continue to rise the smart new owner of this property will benefit. Seller reserves right to accept or reject any offers.
|
LAST UPDATED
|
12/2/2022
|
YEAR BUILT
|
2022
|
|
COMMUNITY
|
West Santa Cruz
|
COUNTY
|
Santa Cruz
|
|
STATUS
|
Sold
|
PROPERTY TYPE(S)
|
Multi Family
|
| School District |
Santa Cruz City Elementary |
|
Prior to Aug 20, '22
|
$5,100,000
|
|
Aug 20, '22 - Nov 13, '22 |
$4,850,000
|
|
Nov 13, '22 - Nov 16, '22 |
$4,500,000
|
| Nov 16, '22 - Today |
$3,999,988 |
| AIR |
None |
| AREA |
West Santa Cruz |
| BASEMENT |
Foundation: Concrete Perimeter, Raised |
| EXTERIOR |
Fenced, Low Maintenance |
| GARAGE |
On Street |
| HEAT |
Electric, Solar with Back-up |
| LOT |
0.576 acre(s) |
| PARKING |
0 |
| SEWER |
Sewer: Sewer - Public |
| TAXES |
44770 |
| WATER |
Water: Individual Water Meter,Public |
Listed by Andy Kay, eXp Realty of California Inc.
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 4/25/24 3:55 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.
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