$1,364,000
$1,349,000
1.1%For more information regarding the value of a property, please contact us for a free consultation.
0.28 Acres Lot
SOLD DATE : 12/12/2019
Key Details
Sold Price $1,364,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81767191
Sold Date 12/12/19
HOA Y/N No
Year Built 1975
Annual Tax Amount $16,863
Lot Size 0.282 Acres
Property Description
7.25% CAP Rate!!! Seller is open to the idea of a possible PROPERTY SWAP. This extensively REMODELED building generates $10,100 per month in RENTAL INCOME!!! That is an annual income of over $120,000 per year. The recent remodel includes completely NEW kitchens, NEW baths, NEW flooring, FRESH PAINT inside and out, UPDATED plumbing and electrical and more. The property consists of five units in total. The building configuration is as follows: One 2 bedroom 1 bath unit and Four 1 bedroom 1 bath units. The property sits on over a QUARTER ACRE in a very centrally located and highly desirable neighborhood in Watsonville. Due to the large lot size, there might be a possibility of future building potential - buyer to verify with the City of Watsonville.
Location
State CA
County Santa Cruz
Area 699 - Not Defined
Zoning RM
Interior
Heating Wall Furnace
Fireplace No
Exterior
Utilities Available Natural Gas Available
Roof Type Composition
Total Parking Spaces 15
Building
Water Public
Schools
School District Other
Others
Tax ID 01814203000
Financing Cash
Special Listing Condition Standard
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Bought with Ruth Bates • Sereno
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
880 Roosevelt Suite 250, Irvine, California, 92620, United States