Basics
| Date added Added 3 hours ago | Category Fourplex | Type Residential Income | Status Active |
| Area 3744 sq ft | Lot size 12632 sq ft | Year built 1908 | Lease term 12 Months |
| Garage spaces 4 | Listing source MLSL | MLS ID ML82056624 |
Description
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Description:
Outstanding turnkey fourplex investment opportunity in central Santa Cruz! All units have been tastefully updated and meticulously maintained. The property features 4 separate structures including a beautifully updated 3 bedroom Victorian house, a 2-bedroom cottage, a duplex with 1 bedroom and 3 bedroom units, a separate 4 bay garage building with supplemental living space over the garages, and off-street parking. The large nicely landscaped lot provides ample opportunities for tenants to enjoy outdoor living spaces. Many energy efficiency improvements help keep utility costs low for tenants. Ideal location near downtown with a high walkability score offers tenants easy access to restaurants, shops, Highway 1, the pier, the Boardwalk, and beaches. This is a unique opportunity for an investor looking for a high-quality long-term investment with a strong rental history, very low vacancy rates, and financial upside potential through rent rate increases and the possibility of an ADU conversion per current state and local ADU regulations. The property is also perfect for an owner occupant to reside in a beautiful 3-bedroom, two-bath home while enjoying extra income from the other units, OR for a multi-generational family compound. Bring your investors and owner-occupant clients!
Location
- County: Santa Cruz
Building Details
- Architectural style: Craftsman, Traditional, Victorian
- Parking spaces: 5
- New construction: No
- Heating: Central Forced Air, Electric, Wall Furnace
- Roof: Shingle
- Parking: Detached, Off-Street Parking, Parking Area
Amenities & Features
- Waterfront: No
- Garage: Yes
- Attached garage: No
- Fireplace: No
- Private pool: No
- Cooling: None
- Security features: Security Lights
- Window features: Skylight(s)
- Utilities: Water - Public, Individual Electric Meters, Individual Gas Meters
- Amenities:
- Features: