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Listed by Bailey Properties
$ 4,300,000
Est. payment | /mo
6,048 SqFt
$ 4,300,000
Est. payment | /mo
6,048 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,048 sqft
Price per Sqft $710
MLS Listing ID ML82051650
HOA Y/N No
Year Built 1965
Lot Size 0.301 Acres
Property Sub-Type Other
Source Datashare MLSListings
Property Description
An exceptional 8-unit investment opportunity in Watsonville. This is a well-maintained property features seven spacious 2-bedroom, 1-bath units and one 3-bedroom, 2-bath unit, offering strong tenant appeal and a proven rental history. Completely renovated in 2024, this property was rebuilt from the studs out with extensive upgrades including new drywall, plumbing, electrical systems, new roofs, modern kitchens with gas cook tops, quartz counter tops, and new cabinetry. Beautifully updated bathrooms with tub and over head shower. Bedrooms are ample sized with large closet area. Built -in storage cabinets in hallway. Luxury plank flooring (LPF) throughout all units. Ground floors have individuals private back yards of various sizes. Upper units have balconies. Conveniently located distance to Target, Home Depot, shopping, dining, and everyday amenities. The property also benefits from an elementary school right on the corner and easy access to downtown Watsonville and HWY 17 For investors seeking a turnkey asset with significant capital improvements already completed, this is a rare opportunity to acquire a fully renovated, income-producing property in a highly desirable location. All units are at current market rates with all utilities paid by tenants.
Location
State CA
County Santa Cruz
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate
Fireplace No
Appliance Refrigerator
Building
Water Public
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Qayes Abdulla
REALTOR® Lic# DRE# 02150727