Property
Beds
6
Full Baths
3
1/2 Baths
None
Year Built
1976
Sq.Footage
2,250
Outstanding rental property investment opportunity in central Santa Cruz! Well maintained triplex with many recent improvements, highly desirable two-bedroom apartments, and a strong rental history. Ideally located near the rapidly growing downtown area with a Very walkable and Bikers Paradise Offers easy access to restaurants, shops, Whole Foods Market, Highway 1, the pier, Boardwalk, and beaches. Each unit has a private outdoor patio area and rare attached two-car garage that provides ample options for off-street parking, storage, and bonus living space. Below market rents compared to current Zillow rental rates provide an opportunity to improve cash flow and property value by raising rents to market rates upon tenant turnover. Upside potential, lower operating expenses due to improvements, and the potential for long-term value appreciation make this an excellent investment opportunity in a prime Santa Cruz location. Recent improvements include a newer roof, exterior paint job, sewer lateral replacement, water main replacement, newer water heaters, and interior flooring updates. Triplexes in Santa Cruz with this excellent condition, desirability, and long-term stability are rare in Santa Cruz. Don't miss this opportunity!
Features & Amenities
Interior
-
Total Bedrooms
6
-
Bathrooms
3
-
Cooling YN
YES
-
Cooling
None
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Electric
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
6
-
Parking
Attached
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.216
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
Price
-
Sales Price
$1,995,000
-
Sq. Footage
2, 250
-
Price/SqFt
$886
HOA
-
Association
No
School District
-
Elementary School
Other
-
Middle School
Other
-
High School
Santa Cruz
Property Features
-
Stories
1
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Santa Cruz
Elementary School
Other
Middle School
Other
High School
Santa Cruz
Listing Courtesy of Marshall Keneipp , Miritz & Bailey Real Estate, Inc
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