23 Ford Street, Watsonville, CA 95076 – ML82002701

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Sean Beattie Jr.

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

Listed by Ruth Bates • Compass

$2,875,000

Est. payment - /mo

4,878 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 4,878 sqft

Price per Sqft $589

MLS Listing ID ML82002701

HOA Y/N No

Originating Board Datashare MLSListings

Year Built 2024

Lot Size 0.282 Acres

Property Sub-Type Other

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

Interior

Heating Electric, Other

Cooling None

Fireplace No

Appliance Refrigerator

Building

Water Public

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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 Street Watsonville, CA 95076

Sean Beattie Jr.

Key Details

Location

Interior

Building

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