09/30/2022
*N E W L I S T I N G*
225-241 7th Ave, Santa Cruz, CA 95062
Opportunity awaits at Twin Lakes! Enter Harbor Place, an incredible multi-family income property a block and a half from the sand. This unique 13-unit compound consists of eight studio/1bath apartments, three (3) 1bed/1bath units, one (1) 1bed plus bonus room/1bath house, and one (1) 2bed/1bath house. The units are well-maintained and many are updated, boasting tons of early-1900s charm. The property features calming courtyards, wonderful shared spaces for tenants and guests, bike storage, laundry, and some units have private yards. Below-market rents offer a HUGE UPSIDE for investors, with a Pro-forma Cap Rate of over 6.5%.
Listed at: $5,399,000
MORE INFO: 7thAveInvestment.com
Offering Memorandum, Full Financials, and Disclosures available upon request. Contact me for more details.
Listed By:
WILLIE EAGLETON | COMPASS
831.345.9258
[email protected]
DRE #02044561