Prime Investment Opportunity". This 12-unit apartment building has been in the same family for over 40 years. Currently the tenants have month to month leases with rents well below the current market rates. There are 11 one-bedroom apartments and 1 studio apartment, private patio decks, many with ocean views including one with a roof top deck with views of the entire bay. Exterior has been freshly painted and a new roof installed in 2023. Close to all amenities including walking distance to the Santa Cruz Boardwalk, beach, wharf, and restaurants. Offering a lucrative opportunity with a possible Pro Forma of 6.4%+ CAP Rate.
ML81958891
Business Opportunities, Other
Santa Cruz
1946
0.253
Acres
Public
5,920
Sq. Ft.
Yes
-4
spaces
1 Total
School Information
Other
Interior Features
- Cooling
- None
- Heating
- Electric Heating. .
Exterior / Lot Features
- Parking
- 4 Carport Spaces. 8 Parking Spaces. 0 Covered Parking Spaces.
- Roof
- Flat
- Zoning
- Apt 11-20 Units
Financial Considerations
00721304000
$0
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