23 Ford ST, Watsonville, CA 95076 – ML82002701

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Sean Beattie Jr.

info@seanbeattiejr.com +1(415) 845-8732

$2,875,000

Est. payment - /mo

0.28 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82002701

HOA Y/N No

Year Built 2024

Lot Size 0.282 Acres

Property Description

5.07% CAP RATE! Two brand new (May 2024) 750 Sq. Ft. 2-bedroom/2-bath townhomes, all electric with solar, heatpump, all new everything! Plus Main Building with 5 units ( four 1-bedroom, 1- two-bedroom) that have all been remodeled over the past 5 years (new kitchens, new baths, new flooring, fresh paint, updated plumbing and electric). 3 units just had new flooring and bathrooms installed. On-site parking for all units. This property currently generates $218,820 in Annual Gross Rents ($182,35/month) and a Net Operating Income of $145763 per year resulting in a 5.0% Cap Rate and a GRM of 13.1. Tenants would very much like to stay. Property Management firm is in place to make this an easy transition for you.

Location

State CA

County Santa Cruz

Area 699 - Not Defined

Zoning Multi-Res

Interior

Heating Electric

Cooling None

Fireplace No

Exterior

Roof Type Composition

Total Parking Spaces 7

Building

Water Public

Schools

School District Other

Others

Tax ID 01814203000

Special Listing Condition Standard

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Listed by Ruth Bates • Compass

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Sean Beattie Jr.

+1(415) 845-8732

Agent | CA DRE# 01944311

Agent CA DRE# 01944311

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23 Ford ST Watsonville, CA 95076

Sean Beattie Jr.

Key Details

Location

Interior

Exterior

Building

Schools

Others

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