Listing Agent: Marshall Keneipp      Broker/Office: Miritz & Bailey Real Estate, Inc
136 Market Street Santa Cruz CA 95062
$ 1,995,000
  6   |    2   |    2250 Sq Feet

Listing ID

#ML82028897

Status

Active

Property Type

Single Family Residence

County

Santa Cruz

Year Built

1976

Days on website

3

Description
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 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!
Location
Financial Information
List Price:  $ 1995000
Property Features
Appliances:  Dishwasher, Disposal, Refrigerator
Elementary School:  Other
Flooring:  Carpet, Laminate
Heating:  Electric
High School:  Santa Cruz
High School District:  Other
Middle Or Junior School:  Other
Roof:  Shingle
Water Source:  Public
Elementary School:  Other
High School:  Santa Cruz
High School District:  Other
Middle Or Junior School:  Other
MLS Area Major:  699 - Not Defined
City:  Santa Cruz
Listed By:   Marshall Keneipp   Miritz & Bailey Real Estate, Inc 
CA Lic#