Well maintained 8 unit apartment building in the heart of Watsonville. 642 Lincoln Street is a 6 unit building and 406 E 5th is a duplex, all on one parcel. Units have been updated with newer electric panels and wall heaters. Units have separate gas and electric meters. Most kitchens,… Read More bathrooms have been updated, along with newer flooring and dual pane windows. Long term tenants with low rents and no vacancy for many years. Please do not disturb the tenants. Separate laundry room with coin operated machines. This is an excellent investment for buyers looking for stable cash flow and long term upside. Read Less
Courtesy of Lighthouse Realty, Peter Cook 831-247-7211
Listing Snapshot
Days Online
1
Last Updated
Property Type
Five Or More Units
Square Ft.
4,350
Lot Size
0.18 Acres
Year Built
1890
MLS Number
ML82054887
30 Days Snapshot Of 95076
$753k
-49%
(avg) sold price
29
+11%
homes sold
46
+12%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 7754.00, Max Area Units: Square Feet, Grade - Level, Lot is 0.17800734618916 acres
Accessibility Features
None
Unit One
Rent: $1,300, 1 bedroom
Unit Two
Rent: $1,600, bedrooms: 2
Building
4,350 structure square feet, Age: 136, Built in 1890, 2 buildings, 8 minimum units in complex
Cooling
None
Foundation
Concrete Perimeter
Garage
On Street
Water Features
Public
Heating
Wall Furnace
Laundry
Coin Operated
Tenant Pays
Utilities - Electric, Utilities - Gas
Miscellaneous
Total expenses: 30940
Property
Zoning: MR
Roof
Composition
Security Features
None
Taxes
Annual tax amount: $17,940
Sewer
Sewer - Public
Utilities
Master Water, Individual Electric Meters, Individual Gas Meters
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