1568 7th Ave, Santa Cruz, CA 95062

$2,600,000
3,830
SqFt
List Price
$2,600,000
MLS#
ML81913513
Status
ACTIVE
Zoning
RM-4
Sqft. of Residence
3,830
Lot Size
17,424
Listing Area
Live Oak

Property Description

Dramatic price reduction by motivated Seller.12 Br 5 Bths! Incredible and rare opportunity to own turnkey multi-res investment property in a fantastic Santa Cruz location. Close to the ocean, beach, yacht harbor, etc. EASY TO OWN AND MANAGE- as close to a Tripple Net as multi-res gets. Tenants pay owner rent + utility fee + all power (Billed back to the tenant directly from the newly owned state of art solar mini-grid). LOWER EXPENSES.-3 of the 5 units are new homes and come with a 7yr warranty, and tenants pay utilities. Rental income from units 1 and 2 are actual rents for units 3,4, and 5 are proforma. Some Income and Expense numbers are proforma. Projects just completed. The owner is In the process of renting with a local property management company Great value here. Seller reserves the right to accept or reject any offer.

Additional Information

Acres
0.40
Age
84
Amenities
High Ceiling, Security Gate
Cooling System
None
Energy Features
Double Pane Windows, Low Flow Toilet, Solar Power, Solar Power Battery Backup
Floor Covering
Vinyl / Linoleum
Foundation
Concrete Perimeter
Garage Parking
Off-Street Parking
Heating System
Central Forced Air, Gas
Laundry Facilities
Coin Operated, Washer/Dryer - Some Units
Living Area
3,830
Lot Size
17,424
Neighborhood
Live Oak
Other Rooms
Other
Other Utilities
Individual Electric Meters, Individual Gas Meters, Public Utilities
Roof
Composition, Shingle
Sewer
Sewer - Public
Special Features
None
Style
Contemporary
Total Number Of Units
2
Unincorporated Yn
Yes
Zoning
RM-4

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Andy Kay from eXp Realty of California Inc. 831-239-9002

board logoBased on information from MLSListings MLS as of All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


Copyright 2022 MLSListings Inc. All rights reserved