MLS#ML82036301
STATUSActive
PROPERTY TYPECommercial - Business
SCHOOLOther
Listing Courtesy of:
Raeid Farhat Real Estate Inc
Agency Phone: 831-840-3902
Associate Name: Shawki Farhat
Listing Shown by:
Farrell Smyth, Inc.
Agency Phone: 805-543-2172
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.
Property Features
Property Type: Commercial - Business
Cooling: None
Heating: Electric
Lot Size: 0.14 Acres
Roof Type: Composition
Taxes: $25,000
Year Built: 1980
Feature Descriptions
Days on Site: 8
Parcel#: 00823118000
Water: Public
Local Schools
School District: Other
Listed By / Shown By
Listed By
Agency Name: Raeid Farhat Real Estate Inc
Agency Phone: 831-840-3902
Agent Name: Shawki Farhat
Shown By
Agency Title: Farrell Smyth, Inc.
Agency Phone: 805-543-2172
114 Franklin Street | MLS# ML82036301
This commercial property located at 114 Franklin Street , Santa Cruz, CA 95060 is currently listed for sale with an asking price of $1,999,999. Franklin Street is located within the Other school district. Search Santa Cruz real estate on www.farrellsmyth.com today.