114 Franklin Street, Santa Cruz, CA 95060
List Price: $2M
Listing Status: Active
0Days on Market: 92
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 1980
Lot Size: 6,186 sq ft
Annual Property Tax: $25,000
MLS Number: ML82036301
About This Property
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.
Listing provided by: Shawki Farhat DRE #02225210 831-840-3902 shawki@farhatregroup.com, Raeid Farhat Real Estate Inc
Source: CRMLS, MLS #: ML82036301
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.