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Key Details
Sold Price $2,100,000
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
Bedrooms 7
HOA Y/N No
Year Built 1970
Lot Size 5,924 Sqft
Acres 0.14
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 Listing
Zoning RM-2
Interior
Heating Forced Air, Wall Furnace
Cooling Ceiling Fan(s)
Flooring Hardwood, Tile
Fireplace No
Exterior
Exterior Feature Back Yard
Building
Lot Description Level
New Construction No
Schools
School District Santa Cruz City High
Others
Tax ID 03022117000
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© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with Scott C.Poncetta
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Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122