This Multifamily Property is Off-Market.

153 Lee Street
Santa Cruz, CA 95060 ·

4 Units · Multifamily For Sale

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Clean Santa Cruz 4-Plex

Price N/A Gross Rent Multiplier 12.30
No. Units 4 Occupancy 100%
Building Size 3,072 SF No. Stories 2
Property Type Multifamily Year Built 1973
Property Sub-type Duplex/Triplex/Fourplex Lot Size 11,151 SF
Property Use Type Investment APN / Parcel ID 008-093-17
Commission Split 2.5% Parking Ratio 4 / 1,000 SF
Cap Rate 5.40%
Listing ID: 17921304 Date Created: 11/19/2012 Last Updated: 03/19/2013

Description

Nicely updated 4-plex with large 2-bedroom floorplans, some with private yard or balcony. Gas fireplaces in living rooms, individual carports and private storage. Solid student tenant base with cosigning parents for secure leases. Ideal investment opportunity with attractive 30-year financing available for under 4% interest!

Convenient location for commuters and UCSC Students alike! Parking accessed along shared rear driveway.

Highlights

  • Low 30-year fixed rate financing available
  • Great location close to bus stop and commuting
  • Renovated and Maintained by Contractor Owner
  • Garden Setting with access to parking via shared driveway in back
  • Predominantly student tenants with 1-year leases and cosigners
  • Coin Operated Washer/Dryer

Research

153 Lee Street, Santa Cruz, CA 95060 (Santa Cruz County)

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