$1,999,999
7+ CAP Investment Opportunity! CAP rate above 7 is uncommon for multi-unit properties in Santa Cruz. Fully leased five-unit income property in prime Santa Cruz location. Property consists of a 2-bedroom main home, two detached studios (including a Jr. ADU), and two detached 2-bedroom/1-bath ADUs. All units are currently occupied, providing stable in-place rental income. Conveniently located near Highway 1, Santa Cruz Beach Boardwalk, UCSC, downtown Santa Cruz, and restaurants. Great opportunity for investors seeking a multi-unit investment property in an ideal location.
Listed by Shawki Farhat with Raeid Farhat Real Estate Inc (831) 840-3902
Property Type
Commercial Sale
Status
Active
MLS Number
ML82036301
Year Built
1980
Lot Size
6,186 sq ft
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