Historical Multifamily Sale Listing - 3 for 1 Beachtown Moneymaker!

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3 for 1 Beachtown Moneymaker!

348-352 Soquel Avenue, Santa Cruz, CA 95060

N/A

3 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
3
Building Size:
5,400 SF
Property Type:
Multifamily
Property Sub-type:
Duplex/ Triplex/ Fourplex
Property Use Type:
Investment
Commission Split:
2.5%
Cap Rate:
5.20%
Gross Rent Multiplier:
11.80
No. Stories:
3
Year Built:
2008
Lot Size:
8,100 SF
APN / Parcel ID:
005-302-04
Parking Ratio:
2 / 1,000 SF
Listing ID
17744347
Last Updated
238 days ago

Highlights

  • Three stand-alone townhome Casas on one Parcel
  • Amazing income generator
  • Stated income based on year-round student rental
  • Additional Income Stream from Summer Vacation Rentals
  • Condo Map Recorded so can be individually sold or encumbered
  • Pride of Ownership meets Pride of Cashflow!

Description

Welcome to a truly unique group of homes, distinguished by colorful southwestern architecture and high-end interior appointments. Visiting one of these stand-alone townhome Casas you could easily think you were in Santa Fe.

The Casas are ideal for use as vacation or student rentals. This Summer, 350 and 352 Soquel Avenue are booked for $350/night during July and August, bringing in appoximitely $25,000 in rents. Student rentals bring in up to $700 per student per month and, with their versatile floor-plans, each home comfortably accommodates up to six students.

Condo map recorded on property allows each townhouse to be individually owned and/or encumbered. All are being sold as a single package.

Located in the heart of the hotel and tourism district, a few blocks from downtown Santa Cruz, or a 5-minute jog down the scenic river walk to the Main Beach and Boardwalk.

Map of 348-352 Soquel Avenue, Santa Cruz, CA 95060 (Santa Cruz County)

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