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$1,195,000
Est. payment /mo
8,886 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID ML82040986
HOA Y/N No
Year Built 1931
Annual Tax Amount $13,680
Lot Size 8,886 Sqft
Property Description
Lowest priced 5-unit complex in Santa Cruz County. Great opportunity for investors looking for revenue & financial returns vs great neighborhoods. $109,000 in Scheduled Gross Income delivers profitable returns - 10.07 GRM and 6.35% cap rate on current rents at full price. Rents have not been increased in several years. All units were remodeled in 2020. The complex has 4 one-bedroom units and a studio. New roofs for all buildings are pending in the spring of 2026. All asphalt was redone in 2023. Future capital improvement costs are minimal for several years. The complex is close to downtown Watsonville and Highway One.
Location
State CA
County Santa Cruz
Area 699 - Not Defined
Zoning R-1
Interior
Heating Electric
Cooling None
Fireplace No
Exterior
Roof Type Flat
Total Parking Spaces 3
Schools
School District Other
Others
Tax ID 01716217000
Special Listing Condition Standard
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Listed by Hap Albers Albers Real Estate Investment Company #01006595
Nearby Locations
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