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… Read More 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! Read Less
Courtesy of Miritz & Bailey Real Estate, Inc, Marshall Keneipp 303-913-8113
Listing Snapshot
Days Online
5
Last Updated
Property Type
Triplex
Square Ft.
2,250
Lot Size
0.22 Acres
Year Built
1976
MLS Number
ML82028725
30 Days Snapshot Of 95062
$2.50M
+71%
(avg) sold price
9
-50%
homes sold
32
-25%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 9409.00, Max Area Units: Square Feet
Unit One
2 bedrooms in unit 1, Unit 1: approximately 750 square feet, Unit 1 rent: $3,200
Unit Two
2 bedrooms in unit 2, Unit 2: approximately 750 square feet, Unit 2 rent: $3,099
Unit Three
2 bedrooms in unit 3, Unit 3: approximately 750 square feet, Unit 3 rent: $3,200
Accessibility Features
None
Building
Built in 1976, 3 building units, 1 building, 2,250 structure square feet
Roof
Shingle
Utilities
Individual Electric Meters, Individual Gas Meters
Sewer
Sewer - Public
Security Features
None
Heating
Electric
Cooling
None
Floors
Carpet, Laminate, Vinyl / Linoleum
Foundation
Crawl Space
Kitchen
Dishwasher, Garbage Disposal, Hood Over Range, Oven Range - Electric, Refrigerator
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