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Listed by Raeid Farhat Real Estate Inc
$ 1,999,999
Est. payment /mo
Active
114 Franklin Street Santa Cruz, CA 95060
2,685 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 2,685 sqft
Price per Sqft $744
MLS Listing ID ML82036301
HOA Y/N No
Year Built 1980
Lot Size 6,186 Sqft
Property Sub-Type Other
Source Datashare MLSListings
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
Interior
Heating Electric
Cooling None
Fireplace No
Building
Water Public