23 Ford St - Apartments FOR SALE


Watsonville, CA 95076
$2,499,000 USD
831-359-2212
23 Ford St, Watsonville, CA for Sale
$2,499,000 USD
Apartments - FOR SALE
1/10
null | 5.83% Cap Rate

23 Ford St
Watsonville, CA 95076


HIGHLIGHTS

  • On-site parking for all units.
  • 2 newly built built units.
  • Fully occupied!

OVERVIEW

5.84% CAP RATE! Two brand new (May 2024) 750 Sq. Ft. 2-bedroom/2-bath townhomes, all electric with solar, heatpump, all new everything! Plus Main Building with 5 units ( four 1-bedroom, 1- two-bedroom) that have all been remodeled over the past 5 years (new kitchens, new baths, new flooring, fresh paint, updated plumbing and electric). 3 units just had new flooring and bathrooms installed. On-site parking for all units. This property currently generates $218,820 in Annual Gross Rents ($182,35/month) and a Net Operating Income of $145763 per year resulting in a 5.8% Cap Rate. Tenants would very much like to stay. Property Management firm is in place to make this an easy transition for you.

FOR SALE DETAILS

PRICE

$2,499,000 USD

PRICE/SF

$512 USD /SF

# OF UNITS

7

PRICE/UNIT

$357,000

CAP RATE

5.83%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,284 SF

ZONING

-

APN/PARCEL ID

018-142-03-000

ASK ABOUT THIS PROPERTY

Ruth BatesCompassMore Info
831-359-2212

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Ruth BatesCompassMore Info
831-359-2212

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.