5.84% 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 5.8% Cap Rate. Tenants would very much like to stay. Property Management firm is in place to make this an easy transition for you.
For sale
Price cut: $376K (7/24)
$2,499,000
Frd, Watsonville, CA 95076
--beds
--baths
4,878sqft
Est.:
Five Or More Units
Built in 2024
-- sqft lot
$2,368,300 Zestimate®
$512/sqft
$-- HOA
What's special
New bathsFresh paintNew flooringUpdated plumbingNew kitchens
- 134 days
- on Zillow |
- 95 |
- 3 |
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