Looking for Passive Income- Check out this charming Santa Cruz Triplex. Unlock the potential for long-term financial security and generational wealth with this exceptional Santa Cruz triplex that is fully rented and in excellent condition. Three one-bedroom, one-bathroom units, with open parking and common area. The current owner has fostered… Read More an environment that has garnered long term renters, creating a harmonious relationship between tenants and property that ensures consistent care and maintenance. Recent upgrades, including newer flooring, appliances, and an engineered septic system, make this a low-maintenance investment, while its prime location provides privacy, accessibility, and an excellent commute. With market rents professionally estimated near $2,349 per unit, theres immediate potential for increased cash flow. Adjustments to the financials, such as transitioning tenant utilities like trash and water to tenant responsibility, can further boost your rate of return or CAP rate. Owning a triplex can generate consistent income as well as setting the foundation for long-term wealth. Dont miss this chance to make a sound investment in your legacy. Do not disturb tenantsschedule your viewing today and take the first step toward building generational wealth. Read Less
Courtesy of David Lyng Real Estate, Brandi S. Jones 831-588-5145
Listing Snapshot
Days Online
76
Last Updated
Property Type
Triplex
Square Ft.
1,500
Lot Size
0.27 Acres
Year Built
1963
MLS Number
ML81998737
30 Days Snapshot Of 95060
$1.54M
-9%
(avg) sold price
24
+9%
homes sold
31
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 11700.00, Max Area Units: Square Feet
Unit One
1 bedroom in unit 1, Unit 1: approximately 500 square feet, Unit 1 rent: $2,094
Unit Two
1 bedroom in unit 2, Unit 2: approximately 500 square feet, Unit 2 rent: $2,090
Unit Three
1 bedroom in unit 3, Unit 3: approximately 500 square feet, Unit 3 rent: $1,866
Accessibility Features
Parking
Building
Built in 1963, 3 building units, 1 building, Ranch, 1,500 structure square feet
Roof
Composition
Utilities
Propane On Site
Sewer
Septic Engineered
Security Features
None
Heating
Wall Furnace
Cooling
None
Floors
Laminate
Foundation
Concrete Perimeter
Water Features
Public
Parking
6 parking spaces
Miscellaneous
Vacancy factor: 0
Tenant Pays
Utilities - Electric, Utilities - Gas
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