Price Reduced Listing
160 Park Place , Santa Cruz, CA 95060
Santa Cruz, CA 95060
Description
Meticulously maintained 9 unit property, 160 Park Place is a standout investment opportunity in the heart of Santa Cruz. The building features an ideal floorplan mix with 8 townhome style 1-bedroom/1-bath units with vaulted ceilings, and one studio, attracting a mix of stable, long-term tenants. Additionally, there are nine covered parking spaces and a large storage room with potential for conversion to an on-site income producing laundry area. Recent upgrades include a new roof, updated windows, termite fumigation, new exterior paint, and sewer lateral improvements. Each unit is 100% electric with separate meters, allowing tenants to pay for their own power while the owner covers trash and water as well as hot water through a central gas water heater. Ideally located just minutes from the beach and major commute routes, 160 Park Place enjoys an excellent walkability score. With many long-term tenants in place and an impressive income-to-expense ratio, this property is a robust addition to any investment portfolio. The current insurance partner is ready to provide coverage for the new owner. Complete marketing package, including financials, inspections, and disclosures available. Don't miss this exceptional chance to own a turn key high performing investment property.Est 5.2% CAP
Details
| Mls | ML81979466 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active |
| Year | 1978 |
| Days On Site | 32 |
| Listing Provided By | Coldwell Banker Realty (831) 469-8000 | Daniel Oster |
Features
| Sq Feet | 5,681 |
|---|---|
| Car Port | Yes |
| Buildings | 1 |
| Zoning | Mutlires |
| Acreage | 0.11 |
Market Activity 95060
Request A Showing
Request A Showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Santa Cruz |
| City | Santa Cruz |
| Zip Code | 95060 |
| Area | 699 Not Defined |
| Listing VS Median (in 95060) | |
Price: $3,600,000 low | high Med: $1,299,000 SqFt: 5,681 low | high Med: 868 $ / SqFt: $634 low | high Med: $1,506 On Site: 32 low | high Med: 611.500000 | |