Property Detail

Description

Great opportunity to own an income property with walking distance Santa Cruz Beach Boardwalk and Santa Cruz downtown. UCSC is also just a bus ride or bike ride away. 7 units, an on-site laundry room and 9 parking spots. The property has 2 buildings bring steady cash flows $14,000+ monthly with cap rate of 5.2%. The property is mixed with one of 2 bedrooms 1 bathroom, five of 1 bedroom and 1 bathroom, one studio, and one finished attic used by the owner. The property is well maintained and kept upgrading with a new solar, a newer roof, and a newer asphalt parking area, and several units were recently remodeled.