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114 Franklin ST Santa Cruz, CA 95060
6,185 Sqft Lot
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82036301
HOA Y/N No
Year Built 1980
Annual Tax Amount $25,000
Lot Size 6,185 Sqft
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.
Location
State CA
County Santa Cruz
Area 699 - Not Defined
Interior
Heating Electric
Cooling None
Fireplace No
Exterior
Roof Type Composition
Total Parking Spaces -5
Building
Water Public
Schools
School District Other
Others
Tax ID 00823118000
Special Listing Condition Standard
Listed by Shawki Farhat Raeid Farhat Real Estate Inc #02225210
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