7 Unit Apartment Complex in Watsonville 23 Ford St 7 Unit Apartment Building $2,295,000 ($327,857/Unit) 5.91% Cap Rate Watsonville, CA 95076

Mahoney & Associates is pleased to present 23 Ford St, a well-positioned 7-unit apartment investment in the heart of Watsonville, California. 23 Ford Street is a well-cared-for multi-family property located within easy walking distance to downtown Watsonville’s shops, restaurants, schools, and public transportation. The property includes a five-unit main building that has been updated over the past five years, with three of those units receiving additional interior improvements—including new flooring and bathroom updates within the past year. Toward the rear of the property are two newly constructed, approximately 750 SF, 2-bedroom/2-bath units. These two units are all-electric and include solar panels and heat pump systems, with final permits issued in 2024. The site offers on-site parking, upgraded water and sewer systems, and mature landscaping, including a large heritage tree and fruit trees that have been recently maintained. Located just off Main Street, the property provides convenient access to daily services and consistent local activity, making it a practical and appealing setting for residents and long-term ownership.