Bought with Andy Kay • eXp Realty of California Inc
$3,960,000
$3,999,988
1.0%For more information regarding the value of a property, please contact us for a free consultation.
5,217 SqFt
SOLD DATE : 12/02/2022
Key Details
Sold Price $3,960,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 5,217 sqft
Price per Sqft $759
MLS Listing ID ML81897915
Sold Date 12/02/22
HOA Y/N No
Year Built 2022
Lot Size 0.576 Acres
Property Sub-Type Other
Source Datashare MLSListings
Property Description
Hury dramatic price reduction by motivated Seller. Spectacular asset in a fantastic and coveted West SC location. Offered at higher Cap Rate than seen in years in quality SC location. . 4- upgraded ( major systems) existing apartments plus 3- brand new detached SFR homes. Recent upgrades to the existing apartments include new roofs, upgrades to electric/plumbing and more. In addition, fully owned (not leased) and professionally maintained solar mini grid + battery system. Provides all power to all 3 new homes; tenants are billed back for electricity and all have been sub-metered for water adding to owner monthly income. The new homes have 7 yr warranty- lowers maintenance expense.19 Total- rentable bedrooms. The location is highly desirable: close to UCSC for students, bus lines, beach,downtown As utilities continue to rise the smart new owner of this property will benefit. Seller reserves right to accept or reject any offers.
Location
State CA
County Santa Cruz
Interior
Heating Electric
Cooling None
Fireplace No
Window Features Double Pane Windows
Appliance Refrigerator
Building
Water Public
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