For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $1,775,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81909273
Sold Date 12/06/22
HOA Y/N No
Year Built 1919
Annual Tax Amount $19,331
Lot Size 0.404 Acres
Property Description
Unique opportunity to own a value-add Multi-Family rental property featuring one duplex and four stand-alone houses each with private yard space and all perfectly situated on a 17,598 +/- sq ft lot (Six total rentable units). Great mix of units ranging from approx. 633 sq ft to 1,848 sq ft. Corner lot with two homes on Palm Avenue, two homes on Lincoln Street, and the duplex located inside the courtyard walls. Great location approx. 1 mile from downtown Watsonville. Close proximity to E.A Hall Middle School, Watsonville High school and down the street from Callaghan Park. Current cap rate is 5.3% with upside potential! Most units have long term tenants with zero vacancy over the years! No rent control! All tenants have assigned parking, few units have driveway parking and plenty of street parking. Easy access to highway 1, 152 and 129.
Location
State CA
County Santa Cruz
Area 699 - Not Defined
Zoning Apartment
Interior
Heating Forced Air, Floor Furnace, Wall Furnace
Cooling None
Fireplace No
Exterior
Roof Type Tile
Total Parking Spaces 6
Building
Water Public
Schools
School District Other
Others
Tax ID 01806136000
Financing Conventional
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Raeid Farhat • RF Real Estate