Listed by Apartment Andy
$1,550,000
Covered Bridge 6 small homes
Details
APN 065-092-08-000
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 2,971
Units 6
Cap Rate 7.04%
NOI $109,075
Occupancy 100%
Price per SqFt $522
Year Built 1953
Acreage 0.248
Zoning R-1-15-GH
Parking Spaces 5 spaces
Investment Type Owner/User
Sale Condition 1031 exchange
6 individual homes w yards in coveted Felton location
Marketing description
Six indivudual house for price of 1 in Santa Cruz. Fantastic location adjacent to Covered Bridge park and walk to downtown Felton. Easy stroll to Felton Music Hall, New Leaf, equestrian center and more. Close to Raoring Camp and Henry Cowell Redwoods and less than 10 minute drive to downtown Santa Cruz or Scotts Valley. There are three studios, a 1br,2br,and 3 bedroom. Each unit has private fenced yard. Versatilty of units makes this great for buyers searching for solid investment return,live in one rent the others, or a community compound. Property has been well maintained by current owner. Contigent upon successful close of escrow of Sellers upleg replacement property already in escrow.
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Listed by Apartment Andy
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$109,075.00
$9,089.58/mo
Valuation Metrics
0
DSCR
7.04%
Cap Rate
7.04%
ROI
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