**Unit C Vacant - Market Rent Used In Place** 24 Meadow Way offers an attractive opportunity to acquire a four-unit condo portfolio in one of Scotts Valley's most desirable residential neighborhoods. The property features four identical 2-bedroom, 1.5-bathroom units, each approximately 968 square feet with dedicated parking, providing operational simplicity… Read More and consistent tenant appeal. This uniform floor plan supports stable occupancy and straightforward rent management, while existing below-market rents offer a clear path to increased cash flow for a new owner. Built in 1985 with individual condo zoning on each unit, the property has been well-maintained and is poised for a new investor to come in, take the unit renovations to the next level and push the remaining rents to market. Read Less
Courtesy of Marcus & Millichap, Fred Rubio 408-314-3009
Listing Snapshot
Days Online
0
Last Updated
Property Type
Fourplex
Square Ft.
3,872
Lot Size
0.26 Acres
Year Built
1982
MLS Number
ML82057002
30 Days Snapshot Of 95066
$1.50M
+19%
(avg) sold price
12
-20%
homes sold
49
+48%
(avg) days on market
Snapshot
Area Map
Additional Details
Accessibility Features
Parking, Bathroom Features, Kitchen Features
Amenities
Other
Lot
Max Area: 11325.60, Max Area Units: Square Feet
Unit One
2 bedrooms in unit 1, Unit 1: approximately 968 square feet, Unit 1 rent: $1,840
Unit Two
2 bedrooms in unit 2, Unit 2: approximately 968 square feet, Unit 2 rent: $1,820
Unit Three
2 bedrooms in unit 3, Unit 3: approximately 968 square feet, Unit 3 rent: $3,250
Unit Four
2 bedrooms in unit 4, Unit 4: approximately 968 square feet, Unit 4 rent: $2,100
Building
Built in 1982, 4 building units, 1 building, 3,872 structure square feet
Roof
Shingle
Utilities
Individual Electric Meters, Individual Gas Meters
Sewer
Sewer in Street
Security Features
Fire Alarm, Secured Garage / Parking
Heating
Central Forced Air - Gas
Cooling
None
Floors
Carpet, Laminate, Tile, Vinyl / Linoleum
Foundation
Concrete Slab
Kitchen
Appliances - Vary by Unit
Laundry
Washer / Dryer
Water Features
Individual Water Meter, Water Available at Street
Garage
3 garage spaces
Parking
3 parking spaces
Miscellaneous
Vacancy factor: 3
Tenant Pays
Utilities - Electric, Utilities - Gas, Utilities - Water
Property
Balcony / Patio, Fenced, Porch - Enclosed
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