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$ 1,995,000
Est. payment /mo
New
136 Market ST Santa Cruz, CA 95062
2,250 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,250 sqft
Price per Sqft $886
MLS Listing ID ML82028725
HOA Y/N No
Year Built 1976
Annual Tax Amount $3,010
Property Sub-Type Triplex
Property Description
Outstanding rental property investment opportunity in central Santa Cruz! Well maintained triplex with many recent improvements, highly desirable two-bedroom apartments, and a strong rental history. Ideally located near the rapidly growing downtown area with a Very walkable and Bikers Paradise Offers easy access to restaurants, shops, Whole Foods Market, Highway 1, the pier, Boardwalk, and beaches. Each unit has a private outdoor patio area and rare attached two-car garage that provides ample options for off-street parking, storage, and bonus living space. Below market rents compared to current Zillow rental rates provide an opportunity to improve cash flow and property value by raising rents to market rates upon tenant turnover. Upside potential, lower operating expenses due to improvements, and the potential for long-term value appreciation make this an excellent investment opportunity in a prime Santa Cruz location. Recent improvements include a newer roof, exterior paint job, sewer lateral replacement, water main replacement, newer water heaters, and interior flooring updates. Triplexes in Santa Cruz with this excellent condition, desirability, and long-term stability are rare in Santa Cruz. Don't miss this opportunity!
Location
State CA
County Santa Cruz
Area 699 - Not Defined
Zoning R-1-5
Interior
Heating Electric
Cooling None
Flooring Carpet, Laminate
Fireplace No
Appliance Dishwasher, Disposal, Refrigerator, Range Hood
Exterior
Garage Spaces 6.0
Garage Description 6.0
View Y/N No
Roof Type Shingle
Accessibility None
Building
Story 1
Sewer Public Sewer
Water Public
Schools
Elementary Schools Other
Middle Schools Other
High Schools Santa Cruz
School District Other
Others
Tax ID 00833323
Special Listing Condition Standard
Listed by Marshall Keneipp Miritz & Bailey Real Estate, Inc