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$ 2,875,000
Est. payment /mo
Active
23 Ford Street Watsonville, CA 95076
4,878 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,878 sqft
Price per Sqft $589
MLS Listing ID ML82002701
HOA Y/N No
Year Built 2024
Lot Size 0.282 Acres
Acres 0.28
Property Sub-Type Other
Property Description
5.07% CAP RATE! Two brand new (May 2024) 750 Sq. Ft. 2-bedroom/2-bath townhomes, all electric with solar, heatpump, all new everything! Plus Main Building with 5 units ( four 1-bedroom, 1- two-bedroom) that have all been remodeled over the past 5 years (new kitchens, new baths, new flooring, fresh paint, updated plumbing and electric). 3 units just had new flooring and bathrooms installed. On-site parking for all units. This property currently generates $218,820 in Annual Gross Rents ($182,35/month) and a Net Operating Income of $145763 per year resulting in a 5.0% Cap Rate and a GRM of 13.1. Tenants would very much like to stay. Property Management firm is in place to make this an easy transition for you.
Location
State CA
County Santa Cruz
Zoning Mult
Interior
Interior Features Updated Baths, Updated Kitchen
Heating Electric, Other
Cooling None
Fireplace No
Appliance Refrigerator
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 01814203000
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Listed by Ruth Bates • Compass