$2,875,000
( $589.38Per Sq Foot )
$15,434 est/mo Sourced by Back At You23 Ford Street,Watsonville, CA 95076
Watsonville, CA 95076
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.
Details
| MLS# | ML82002701 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2024 |
| Days On Site | 58 |
| Listing Provided By | Compass | Ruth Bates |
Features
| SQ Feet | 4,878 |
|---|---|
| Building(s) | 3 |
| Zoning | Multi-Res |
| Acreage | 0.28 |
Interior
| Cooling | None |
|---|---|
| Heating | Electric |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Composition |
|---|
Market Activity 95076
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Learn More About This Property
| State | CA |
|---|---|
| County | Santa Cruz |
| City | Watsonville |
| Zip Code | 95076 |
| Area | 699 Not Defined |
| School District | Other |
| Listing VS Median (in 95076) | |
Price: $2,875,000 low | high Med: $1,100,000 SqFt: 4,878 low | high Med: 1,888 $ / SqFt: $589 low | high Med: $583 On site: 58 low | high Med: 69.000000 | |
Listing Updated: June 2, 2025 at 9:25:35 PM PDT