Description
This multifamily property consisting of a detached 4 bedroom, 2 bath house and a triplex (two 3 bedroom units, one 2 bedroom unit) is centrally located in the Lower Ocean neighborhood between the eastside and westside just moments from the San Lorenzo River, Beach Boardwalk, and downtown Santa Cruz. One of the 3 bedroom units has been recently updated. Long term tenants and stable rental income with significant upside in potential rents (see pro forma). Located in the Santa Cruz Economic Opportunity Zone which may yield a stepped up basis for capital gains and possibly other tax benefits. Ideal for 1031 Exchange buyers, investors who want stable income, less exposure to the volatility of the stock market and those who seek upside potential in a competitive market. Reports and disclosures available upon request.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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4,260SQFT
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$421$/SQFT
School Ratings & Info
Description
This multifamily property consisting of a detached 4 bedroom, 2 bath house and a triplex (two 3 bedroom units, one 2 bedroom unit) is centrally located in the Lower Ocean neighborhood between the eastside and westside just moments from the San Lorenzo River, Beach Boardwalk, and downtown Santa Cruz. One of the 3 bedroom units has been recently updated. Long term tenants and stable rental income with significant upside in potential rents (see pro forma). Located in the Santa Cruz Economic Opportunity Zone which may yield a stepped up basis for capital gains and possibly other tax benefits. Ideal for 1031 Exchange buyers, investors who want stable income, less exposure to the volatility of the stock market and those who seek upside potential in a competitive market. Reports and disclosures available upon request.
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Listing provided courtesy of Eli Karon of Karon Properties.