$2,325,000
$2,450,000
5.1%For more information regarding the value of a property, please contact us for a free consultation.
8,145 Sqft Lot
SOLD DATE : 11/27/2024
Key Details
Sold Price $2,325,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81972858
Sold Date 11/27/24
HOA Y/N No
Year Built 1976
Annual Tax Amount $30,625
Lot Size 8,145 Sqft
Property Description
You'll be proud to own this incredible Santa Cruz investment property.Long time owner will consider financing w 30 %+ down payment at UNDER MARKET 5% interest rate.Very well built/maintained 5 plex,close to vibrant downtown,UCSC-convienent for students,beaches on quiet one way street surrounded by period Victorians.Units are town home style with private fenced yards and patios,separate wtr heaters and more. Ample off-street parking-2/unit. Current rents are competitive but should allow income growth and upside potential for next owner. Income represents 2022 reported from property manager-showing property potential. Current annualized 2024 rent roll $176,400. Expenses from 2023 P/L from PM.
Location
State CA
County Santa Cruz
Area 699 - Not Defined
Zoning RM
Interior
Heating Electric
Cooling None
Fireplace No
Exterior
Carport Spaces 5
Roof Type Composition
Total Parking Spaces 5
Building
Water Public
Schools
School District Other
Others
Tax ID 00530140
Financing Seller Financing
Special Listing Condition Standard
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Bought with Kelly Hopkins