$1,195,000
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. All units were remodeled after purchase in 2017. 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.
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Listed by Hap Albers with Albers Real Estate Investment Company (831) 372-1922
Property Type
Commercial Sale
Status
Active
MLS Number
ML82040986
Year Built
1931
Lot Size
8,886 sq ft