Description
Investor Opportunity! Check out this 7-unit Investment property with all units rented, generating steady cash flows for a strong starting cap rate, and potential to increase rent with newly installed storage sheds and a vacant finished approx. 300SF attic. Great mix of units comprising of One 2 bedroom/1 bath; Five 1 bedroom/1 bath; and One large studio unit. Several upgrades made in the last year include a new roof, remodeled downstairs unit, and new asphalt parking area with 9 off-street parking spots. The property is in a prime location with convenient access to most everything the community has to offer. Close proximity to Downtown Santa Cruz, Boardwalk, beaches, and the desirable Seabright neighborhood nearby. UCSC is also just a bus ride or bike ride away. There are few properties that offer investors opportunity comparable to this!
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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3,130SQFT
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$733$/SQFT
School Ratings & Info
Description
Investor Opportunity! Check out this 7-unit Investment property with all units rented, generating steady cash flows for a strong starting cap rate, and potential to increase rent with newly installed storage sheds and a vacant finished approx. 300SF attic. Great mix of units comprising of One 2 bedroom/1 bath; Five 1 bedroom/1 bath; and One large studio unit. Several upgrades made in the last year include a new roof, remodeled downstairs unit, and new asphalt parking area with 9 off-street parking spots. The property is in a prime location with convenient access to most everything the community has to offer. Close proximity to Downtown Santa Cruz, Boardwalk, beaches, and the desirable Seabright neighborhood nearby. UCSC is also just a bus ride or bike ride away. There are few properties that offer investors opportunity comparable to this!
© 2021 MLSListings Inc. Based on information from MLSListings MLS as of 2021-02-25T16:49:16.647. 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. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Intero Real Estate. Licensed in the State of California.
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Listing provided courtesy of Cara De Simone of Coldwell Banker Realty.