114 Franklin ST, Santa Cruz, CA 95060
- $1,999,999
- 2,685
- SqFt
- List Price
- $1,999,999
- MLS#
- ML82036301
- Status
- ACTIVE
- Property Type
- com
- Sqft. of Residence
- 2,685
- Listing Area
- East Santa Cruz
- Year Built
- 1980
Property Description
7+ CAP Investment Opportunity! CAP rate above 7 is uncommon for multi-unit properties in Santa Cruz. Fully leased five-unit income property in prime Santa Cruz location. Property consists of a 2-bedroom main home, two detached studios (including a Jr. ADU), and two detached 2-bedroom/1-bath ADUs. All units are currently occupied, providing stable in-place rental income. Conveniently located near Highway 1, Santa Cruz Beach Boardwalk, UCSC, downtown Santa Cruz, and restaurants. Great opportunity for investors seeking a multi-unit investment property in an ideal location.
Additional Information
- Age
- 46
- Cooling System
- None
- Foundation
- Post and Pier, Sealed Crawlspace
- Garage Parking
- Assigned Spaces
- Heating System
- Electric
- Living Area
- 2,685
- County
- Santa Cruz
- Neighborhood
- East Santa Cruz
- Other Utilities
- Public Utilities
- Roof
- Aluminum Over Tar, Composition
- Sewer
- Cesspool, Sewer - Public
- Special Features
- None
- Total Number Of Units
- 5
- Unincorporated Yn
- Yes
- Zoning
- N/A
Mortgage Calculator
Listing courtesy of Shawki Farhat from Raeid Farhat Real Estate Inc. 831-228-9559
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