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Listed by Marshall Keneipp • Miritz & Bailey Real Estate, Inc
$ 1,895,000
Est. payment /mo
Active
136 Market Street Santa Cruz, CA 95062
2,250 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,250 sqft
Price per Sqft $842
MLS Listing ID ML82028725
HOA Y/N No
Year Built 1976
Lot Size 9,409 Sqft
Property Sub-Type Triplex
Source Datashare MLSListings
Property Description
Outstanding rental property investment opportunity in central Santa Cruz! Well maintained triplex with many recent improvements, highly desirable two-bedroom apartments, and a strong rental history. Ideally located near the rapidly growing downtown area with a Very walkable and Bikers Paradise Offers easy access to restaurants, shops, Whole Foods Market, Highway 1, the pier, Boardwalk, and beaches. Each unit has a private outdoor patio area and rare attached two-car garage that provides ample options for off-street parking, storage, and bonus living space. Below market rents compared to current Zillow rental rates provide an opportunity to improve cash flow and property value by raising rents to market rates upon tenant turnover. Upside potential, lower operating expenses due to improvements, and the potential for long-term value appreciation make this an excellent investment opportunity in a prime Santa Cruz location. Recent improvements include a newer roof, exterior paint job, sewer lateral replacement, water main replacement, newer water heaters, and interior flooring updates. Triplexes in Santa Cruz with this excellent condition, desirability, and long-term stability are rare in Santa Cruz. Don't miss this opportunity!
Location
State CA
County Santa Cruz
Interior
Heating Electric
Cooling No Air Conditioning
Flooring Laminate
Fireplace No
Building
Lot Description Rectangular Lot
Schools
School District Santa Cruz City High, Santa Cruz City Elementary
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