130 Market Street, Santa Cruz, CA 95060
List Price: $2.69M
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms · 3,744 sq ft
Property Type: ResidentialIncome
Year Built: 1908
Lot Size: 12,632 sq ft
Garage Spaces: 4
Annual Property Tax: $16,439
MLS Number: ML82056624
About This Property
Outstanding turnkey fourplex investment opportunity in central Santa Cruz! All units have been tastefully updated and meticulously maintained. The property features a beautifully updated standalone three-bedroom Victorian house, a two-bedroom cottage, a duplex with one-bedroom and three-bedroom units, and a separate four-bay garage building with supplemental living space over the garages. A nicely landscaped lot provides ample opportunities for tenants to enjoy outdoor living spaces. Many energy efficiency improvements help keep utility costs low for tenants. Ideal location near downtown with a high walkability score offers tenants easy access to biking and hiking trails, restaurants, shops, Highway 1, the pier, Boardwalk, and beaches. This is a unique opportunity for an investor looking for a high-quality long-term investment with a strong rental history, very low vacancy rates, and financial upside potential through rent rate increases and the possibility of an ADU conversion per current state and local ADU regulations. The property is also perfect for an owner occupant to reside in a beautiful 3-bedroom, two-bath home while enjoying extra income from the other units, OR for a multi-generational family compound. Bring your investors and owner-occupant clients!
Listing provided by: Marshall Keneipp DRE #02115477 8315884528 mdkeneipp@gmail.com, Miritz & Bailey Real Estate, Inc
Source: CRMLS,