Property Details
About this Property
Priced below recent appraised 6/29/22 value. Fantastic multi-family investment opportunity. This unique 12-unit compound combines 8-existing 2br/1bth apartment units and 4-new detached sfr homes. Over $1.8m in recent capital improvements including state of the art Solar mini grid, existing unit renovations-some units, new parking lot paving, new paint, new private yard fencing, new landscaping, new laundry room. New homes have 7 yr warranty lowering any maintenance expenses or capital investments for new owner. Solid go in return 5.05% with demonstrated and huge- value add opportunity by updating remaining 6-2br apartments and bring to market at unit turn. Doing so would result in over a 6% Cap. Utilities are being billed back to tenants adding to owner income. This is a must see property for any Santa Cruz investor.
MLS Listing Information
MLS #
ML81897332
MLS Source
MLSListings, Inc.
Interior Features
Kitchen
Varies by Unit
Appliances
Cooktop - Electric, Cooktop - Gas, Dishwasher, Microwave, Oven - Electric, Oven Range - Gas, Appliances - Vary by Unit
Laundry
Coin Operated
Cooling
None
Heating
Electric, Gas, Wall Furnace
Exterior Features
Roof
Composition
Foundation
Concrete Perimeter
Parking, School, and Other Information
Garage/Parking
Common Parking Area, Off-Site Parking, Garage: 0 Car(s)
High School District
Santa Cruz City High
Sewer
Public Sewer
Water
Public
Zoning
RL
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| – | – | 12 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 768 | 2 | 1/0 | $2,156 | $3,400 | 8 |
| 2 | 650 | 2 | 1/0 | $3,250 | $3,250 | 3 |
| 3 | 1,200 | 3 | 2/0 | $4,500 | $4,500 | 1 |
217 Berry St is a Residential Income in Santa Cruz, CA 95060. This 9,294 square foot property sits on a 0.413 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at – and was built in 2022. This address can also be written as 217 Berry St, Santa Cruz, CA 95060.
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This listing information is up-to-date as of June 24, 2024. For the most current information, please contact Andy Kay, (831) 239-9002
