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Listed by Brandi S. Jones • David Lyng Real Estate
$1,368,000
Est. payment /mo
1,500 SqFt
UPDATED:
12/03/2024 05:44 PM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $912
MLS Listing ID ML81985186
HOA Y/N No
Originating Board Datashare MLSListings
Year Built 1963
Lot Size 0.269 Acres
Property Description
Build Wealth with This Santa Cruz Triplex. Unlock the potential for long-term financial security and generational wealth with this exceptional Santa Cruz triplex. Featuring three one-bedroom, one-bathroom units, this property offers a proven long-term rental history. The current owner has fostered an environment of affordability and respect, creating a harmonious relationship between tenants and property that ensures consistent care and maintenance. Recent upgrades, including new flooring, appliances, and an engineered septic system, make this a low-maintenance investment, while its prime location provides privacy, accessibility, and an excellent commute. With market rents professionally estimated near $2,349 per unit, theres immediate potential for increased cash flow. Adjustments to the financials, such as transitioning tenant utilities like trash and water to tenant responsibility, can further boost your rate of return or CAP rate. Owning a triplex can generate consistent income as well as setting the foundation for long-term wealth. Dont miss this chance to make a sound investment in your legacy. Do not disturb tenantsschedule your viewing today and take the first step toward building generational wealth.
Location
State CA
County Santa Cruz
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Flooring Laminate
Fireplace No
Building
Lot Description Regular
Water Public
Schools
School District Scotts Valley Unified, Scotts Valley Unified
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