$1,895,000
313 Raymond
Details
APN 007-281-13
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,244
Units 5
Cap Rate 5.19%
NOI $98,376
Occupancy 100%
Pro-Forma Cap Rate 5.42%
Pro-Forma NOI $102,636
Price per SqFt $844
Class C
Year Built 1898
Year Renovated 2017
Buildings 1
Stories 2
Lot Size (SqFt) 3,180
Investment Type Owner/User
5 Unit Multi-Res with Upside potential steps from the beach
Marketing description
Great investment opportunity for 5 unit apartment building with 4- 1 bedroom 1 bath and 1- 2 bedrooms 1 bath. Property is fully fenced with a gated courtyard to relax or bbq in. This is an upcoming area with many new luxury hotels and restaurants in the area along with the beach, wharf and downtown .08 mi- and 5.8 miles to UCSC-ideal for bicycling, walking, surfing, dining. Shows good income. Some interior updates. Fully occupied. Higher Cap rate with self management Easily rented
Investment highlights
Good cap rate, fully occupied
Fenced and gated building with yard
Separate electric meters
Newer flooring, recessed lighting, ceiling fans
Area showing much redevelopment with luxury hotels near the beach, wharf, and downtown 5.8 mi to UCSC
Listing Contacts
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$98,376.00
$8,198.00/mo
Valuation Metrics
0
DSCR
5.19%
Cap Rate
5.19%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
