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Address not disclosed CA 95073
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,150 sqft
Price per Sqft $666
MLS Listing ID ML81873950
Sold Date 05/19/22
HOA Y/N No
Year Built 1970
Annual Tax Amount $26,022
Lot Size 5,924 Sqft
Property Description
This property is the only fourplex available in Santa Cruz County as of 1/10 and it is a very special one at that. It has 3 units that are 2 bed and 1 bath, and one unit is 1/1. It has a cap rate of 3.65 and a gross annual rent of $123,600. This building was was fumigated & painstakingly renovated in 2016 with new floors throughout, forced air heat for 3 units, community washer and dryer, new kitchens, new bathrooms, fresh paint, new landscaping and more. Recent inspections incl: roof, home, pest, and sewer lateral, & it is incredibly clean. The tenants all pay on time and are the kind of tenants all landlords dream of having. Unit 2, will be vacant for showings starting this Monday. This gives the future landlords the opportunity to bring new tenants into unit 2 at a higher market rate, or possibly live in it themselves. This property is in a great location at the edge of Soquel and Capitola and is walking distance to Gail's Bakery and a short dr to dt Capitola.
Location
State CA
County Santa Cruz
Area 699 - Not Defined
Zoning RM-2.5
Interior
Heating Wall Furnace
Flooring Tile, Wood
Fireplace No
Appliance Dishwasher, Electric Cooktop, Electric Oven, Disposal, Microwave, Refrigerator
Exterior
Parking Features Covered
Carport Spaces 4
Roof Type Tar/Gravel
Accessibility None
Total Parking Spaces 4
Building
Lot Description Level
Sewer Public Sewer
Water Public
Schools
School District Other
Others
Tax ID 03022117000
Acceptable Financing Cal Vet Loan
Listing Terms Cal Vet Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Scott C. Poncetta • KW Bay Area Estates