816 Riverside Avenue
Santa Cruz, CA 95060
$135,000.00 (-5.22%)
Active Under Contract for $2,450,000
Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 8,146 sqft
| MLS | ML81972858 |
| Year Built | 1976 |
| Property Type | |
| County | Santa Cruz |
| Status | Active Under Contract |
| Active Under Contract | $2,450,000 |
| Structure Size | N/A sqft |
| Lot Size | 8,146 sqft |
| Beds | N/A |
| Baths |
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.
Listing information courtesy of: Andy Kay, eXp Realty of California Inc 831-239-9002. *Based on information from the Association of REALTORS/Multiple Listing as of 11/25/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Amy Nikoghosyan
REALTOR®
Direct: 818.464.8979
Email: Email Me
DRE: 02144593
DRE #01873088
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