114 Franklin Street, Santa Cruz, CA 95060

$1,999,999
2,685
SqFt
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Listing courtesy of Shawki Farhat from Raeid Farhat Real Estate Inc. 831-228-9559

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List Price
$1,999,999
Status
ACTIVE
Days on Market
199
MLS#
ML82036301
Subtype
Commercial Sale
Year Built
1980
Living Area
2,685
Lot Size
6,186
Acres
0.14
Subdivision
Ca
Neighborhood
Ca
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800-930-5101

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.

800-930-5101
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Additional Information

Heating
Electric
Air Conditioning
None
Roof
Composition Shingles
Parking Features
Assigned
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