114 Franklin ST

SANTA CRUZ, CA 95060
Square Ft.
2,685
$1,999,999
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,Read MoreRead Less
Courtesy of Raeid Farhat Real Estate Inc, Shawki Farhat 831-228-9559
Listing Snapshot
Days Online
1
Last Updated
Property Type
Five Or More Units
Square Ft.
2,685
Lot Size
0.14 Acres
Year Built
1980
MLS Number
ML82036301
30 Days Snapshot Of 95060
$1.51M
+48%
(avg) sold price
16
+77%
homes sold
56
-1%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 6186.00, Max Area Units: Square Feet, Lot is 0.14201101928375 acres
Accessibility Features
None
Unit One
715 approximate square feet, 2 bedrooms
Unit Two
318 approximate square feet, bedroom 1
Unit Three
272 approximate square feet, bedroom 1
Unit Four
700 approximate square feet, 2 bedrooms
Building
2,685 structure square feet, Age: 46, Built in 1980, 3 buildings, 5 minimum units in complex
Cooling
None
Foundation
Post and Pier, Sealed Crawlspace
Garage
Assigned Spaces
Water Features
Individual Water Meter, Public
Heating
Electric
Tenant Pays
All Expenses
Miscellaneous
Total expenses: 30000
Parking
-5 parking spaces
Property
Zoning: N/A
Roof
Aluminum Over Tar, Composition
Security Features
None
Taxes
Annual tax amount: $25,000
Sewer
Cesspool, Sewer - Public
Utilities
Separate Electric, Separate Gas, Public Utilities
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Melanie Ventura
Realtor
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