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Key Details
Sold Price $882,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,621 sqft
Price per Sqft $336
MLS Listing ID ML81742448
Sold Date 11/08/19
HOA Y/N No
Year Built 1927
Annual Tax Amount $8,760
Lot Size 10,018 Sqft
Acres 0.23
Property Description
Priced To Sell! Back On Market No Fault Of Seller. Nearly 7.16% Cap Rate! Beautiful Occupied Triplex! Great Investment Property! Income from Units Is High! Cash Flow! If a Tenant gives notice you can fill before they even move. Each Unit has its own Private Yard which tenants maintain, making it a Simple Managed Property with a Low Cost Basis! Great Cap Rate 11.79 & GRM of 14.15%. Total Monthly Income $7060 Duplex - 3 Br 1 Ba 1100 sq ft & Rents for $2740 & 2 Br 1Ba 850 sq ft & Rents for $2160, 3rd Unit is a Separate 2 Br 1 Ba 800 sq ft & Rents for $2160. Each Unit has been Renovated at different times over the years and they all have been very well maintained! New Composition Roof A/B. Property has that Country feel which tenants love but close to freeways heading to beautiful Monterey or Santa Cruz! Close to Everything! Shopping, Colleges, The Beach, Businesses & Silicon Valley is in commute range. This Spectacular Investment Opportunity! PRICED TO SELL! Please Do Not Disturb Tenants!
Location
State CA
County Santa Cruz
Area 699 - Not Defined
Zoning SU
Interior
Heating Central, Electric, Wall Furnace
Cooling None
Flooring Carpet, Laminate, Tile
Fireplace No
Appliance Refrigerator, Range Hood
Exterior
Roof Type Composition
Accessibility Parking
Total Parking Spaces 6
Building
Sewer Public Sewer
Water Public
Schools
School District Other
Others
Tax ID 04907110000
Financing Conventional
Special Listing Condition Standard
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Bought with Steven Allen • Allen Property Group, Inc.