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Listed by Shawki Farhat • Raeid Farhat Real Estate Inc, DRE#02225210
$ 1,999,999
Est. payment /mo
Active
114 Franklin ST Santa Cruz, CA 95060
6 Beds
7.5 Baths
2,685 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,685 sqft
Price per Sqft $744
MLS Listing ID ML82036301
Bedrooms 6
Full Baths 5
Half Baths 5
Year Built 1980
Lot Size 6,186 Sqft
Property Sub-Type Five or More Units
Property Description
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.
Location
State CA
County Santa Cruz
Area East Santa Cruz
Interior
Heating Electric
Cooling None
Exterior
Parking Features Assigned Spaces
Utilities Available Public Utilities
Roof Type Aluminum Over Tar,Composition
Building
Foundation Post and Pier, Sealed Crawlspace
Sewer Cesspool, Sewer - Public
Water Individual Water Meter, Public
Others
Restrictions None
Tax ID 008-231-18-000
Security Features None
Special Listing Condition Not Applicable
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