Great opportunity for investors. Explore possibility of 13 unit apartment building. Lot meets standard regulations (per zoning). Five existing units to carry, plus store. All units consistently rented providing steady income. 3/4 plus of an acre in prime corner of Watsonville. Existing units have newer roofs, heaters, and some have double pane windows.
Multi-familyProperty Type
1895Year Built
0.73 acresLot Size
$192Price/Sq.Ft.
Listed by Gloria Dell Behman•DRE #01483481• Bailey Properties
Contact: (831) 588-0622
Bought with Everardo Quintero•DRE #00478150• Casa Blanca Realty
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Sq. Ft.
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Year built
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Style
Multi-Family (5+ Unit)
County
Santa Cruz County
APN
017-192-040
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Last updated by owner on May 30, 2020.
RM-3
Multiple Residential District High Density
The purpose of the Multiple Residential District High Density is to provide for the development of areas for greater residential density; to stabilize and protect residential characteristics of the district; and to promote a suitable environment for the lives of families and single persons living in the district.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Property details
Parking
Parking Information
Parking Description: Spaces per Unit (>1), Off-Street Parking, Uncovered Parking
Interior
Room Information
Kitchen Description: Oven Range, Refrigerator(s)
Interior Features
Flooring: Carpet (Area), Vinyl/Linoleum, Carpet
Heating & Cooling Information
Heating: Wall Furnace
Multi-Unit Information
# of Stories: 1
# of Other Units: 1
# of Units in Complex (Minimum): 5
# of Units in Complex (Maximum): 12
# of Studio Units: 2
Minimum Rent (Studio Units): $625
Minimum Size (of Studio): 450
# of 1 Bed 1 Bath Units: 2
Minimum Size (1 Bed 1 Bath): 600
Minimum Rent (1 Bed 1 Bath): $750
Maximum Rent (1 Bed 1 Bath): $990
# of 3 Bed 1 Bath Units: 1
Minimum Size (3 Bed 1 Bath): 850
Minimum Rent (3 Bed 1 Bath): $1,175
Minimum Size (Other Units): 1,000
Minimum Rent (Other Size Units): $1,000
Annual Rental Income: $61,980
Annual Gross Income: $61,980
Gross Rent Multiplier: 10.31
Gross Scheduled Income: $61,980
Other Expenses: $2,540
Total Expenses: $15,878
Exterior
Exterior Features
View: Local/Neighborhood
Roof: Composition
Building Information
Unit Types in Building: 1 Bedroom Unit(s), 3 Bedroom Unit(s), Commercial Space, Studio Unit(s)