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Listed by Shawki Farhat, DRE #02225210 • Raeid Farhat Real Estate Inc
$ 1,999,999
Est. payment /mo
Active
114 Franklin ST Santa Cruz, CA 95060
6 Beds
7.5 Baths
2,685 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,685 sqft
Price per Sqft $744
MLS Listing ID ML82036301
Bedrooms 6
Full Baths 5
Half Baths 5
Year Built 1980
Lot Size 6,186 Sqft
Property Sub-Type Five or More Units
Source MLSListings, Inc.
Property Description
7+ CAP Investment Opportunity! CAP rate above 7 is uncommon for multi-unit properties in Santa Cruz. Fully leased five-unit income property in prime Santa Cruz location. Property consists of a 2-bedroom main home, two detached studios (including a Jr. ADU), and two detached 2-bedroom/1-bath ADUs. All units are currently occupied, providing stable in-place rental income. Conveniently located near Highway 1, Santa Cruz Beach Boardwalk, UCSC, downtown Santa Cruz, and restaurants. Great opportunity for investors seeking a multi-unit investment property in an ideal location.
Location
State CA
County Santa Cruz
Area East Santa Cruz
Interior
Heating Electric
Cooling None
Exterior
Parking Features Assigned Spaces
Garage Spaces -5.0
Utilities Available Public Utilities
Roof Type Aluminum Over Tar,Composition
Building
Foundation Post and Pier, Sealed Crawlspace
Sewer Cesspool, Sewer - Public
Water Individual Water Meter, Public
Others
Tax ID 008-231-18-000
Special Listing Condition Not Applicable
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