$ 2,450,000
816 Riverside Avenue Santa Cruz, CA 95060
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Listed by Andy Kay • eXp Realty of California Inc
$ 2,450,000
Est. payment | /mo
4,070 SqFt
$ 2,450,000
Est. payment | /mo
4,070 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 4,070 sqft
Price per Sqft $601
MLS Listing ID ML81972858
HOA Y/N No
Originating Board Datashare MLSListings
Year Built 1976
Lot Size 8,146 Sqft
Property Description
You'll be proud to own this incredible Santa Cruz investment property.Long time owner will consider financing w 30 %+ down payment at UNDER MARKET 5% interest rate.Very well built/maintained 5 plex,close to vibrant downtown,UCSC-convienent for students,beaches on quiet one way street surrounded by period Victorians.Units are town home style with private fenced yards and patios,separate wtr heaters and more. Ample off-street parking-2/unit. Current rents are competitive but should allow income growth and upside potential for next owner. Income represents 2022 reported from property manager-showing property potential. Current annualized 2024 rent roll $176,400. Expenses from 2023 P/L from PM.
Location
State CA
County Santa Cruz
Interior
Heating Electric
Cooling None
Fireplace No
Appliance Refrigerator
Laundry Coin Operated
Building
Water Public
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Adam Shoop
Broker Associate at Exp Realty | Lic# 1782227