225-241 7th Avenue Santa Cruz, CA 95062
Listing Courtesy of: MLSlistings Inc. / Coldwell Banker Realty / John "Willie" Eagleton
$5,399,000
15
BED
13
BATH
9,739
SQFT

  225-241 7th Avenue Santa Cruz, CA 95062

Active (43 Days)

Description

ATTENTION INVESTORS - Pro-forma Cap Rate of over 6.4%! 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 (8) 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 nicely updated, with tons of early-1900s charm. The property features calming courtyards, wonderful shared spaces for tenants and guests, bike storage, laundry (extra income), and some private yards. Below-market rents offer HUGE UPSIDE for investors. You and your tenants will LOVE this mid-town banana-belt location. Harbor Place is right in the center of some of Santa Cruz's best shops, restaurants, cafes, and beaches, and next to the fun and outdoor recreation of the Santa Cruz Harbor. Enjoy huge returns for years to come, or keep a unit(s) for your own family/friend Vacation Home.

MLS #:
ML81911033
Lot Size
0.34 acres
Type
Single-Family Home
Year Built
1943
Views
Water, Ocean, Mountains
School District
880
County
Santa Cruz County
Bathroom Details
  • Full Bathrooms: 13
Property Features
  • Fenced
  • Courtyard
  • Balcony / Patio
  • Fireplace: Wood Burning
  • Foundation: Concrete Perimeter and Slab
Heating and Cooling
  • Other
  • Wall Furnace
Exterior Features
  • Roof: Composition
Utility Information
  • Utilities: Water - Public, Other, Individual Gas Meters, Individual Electric Meters
  • Sewer: Sewer - Public
Garage
  • Tandem Parking
  • On Street
  • Off-Street Parking
  • Attached Garage
  • Assigned Spaces
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

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Mortgage calculator estimates are provided by David Lyng Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
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