1568 7th AVE

SANTA CRUZ, CA, 95062

$3,400,000

$887 per ft²
$3,400,000
$887 per ft²
Active
Active
 - For Sale
carpenters-square
3,830 ft²
property_type
Commercial
calendar
Built 2022
Incredible and rare opportunity to own turnkey multires investment in fantastic Santa Cruz location close to ocean,beachs,yacht harbor etc. Part of 5 property multires portfolio, can be bought separately or as package. EASY TO OWN/MANAGE- as close to NNN as multi res gets. Tenants pay owner rent + utility fee + for all power (Billed back to tenant directly from new owned state of art solar mini grid).LOWER EXPENSES-new homes come w/ 7yr warranty,tenants pay utilities. Income/Expense #s projected as project still under construction-projected completion end of Sept. Great value here projected over 5% CAP Rate. Seller reserves right to accept or reject any offer.
MLS® ID:
ML81905475
Updated:
9/29/22

Interior Features

Kitchen Features
Appliances - Vary by Unit, Cooktop - Electric, Countertop - Solid Surface / Corian, Oven Range - Electric, Refrigerator
Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Coin Operated, Washer/Dryer - Some Units
Floor Description
Vinyl / Linoleum
Cooling
None
Heating
Central Forced Air, Gas

Exterior/Building Features

Lot Size
0.41 acres lot
Architectural Style
Contemporary
Roof
Composition, Shingle
Sewer
Sewer - Public

Other Property Details

Area Name
45
Garage
Yes
Parking
Off-Street Parking
Parking Total
7.0
View
Y
County
Santa Cruz
Utilities
Individual Electric Meters, Individual Gas Meters, Public Utilities
Water Source
Public
Pool
Yes
Zoning
RM-4

 

Courtesy of Andy Kay, eXp Realty of California Inc

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Liz Kroft shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLS Listings, Inc. MLS system. Real estate listings held by brokerage firms other than Liz Kroft are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.

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Data last updated 5:53 AM UTC, 9/29/22

 

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