1450 Merrill ST Santa Cruz, CA 95062
Other
MLS #: ML82010023
Courtesy Of Bailey Properties
Property InformationDescription
This well-maintained 9-unit multifamily complex is an excellent cash-flow opportunity to acquire a stable, long-term asset in a desirable coastal market with a strong rental history. Features 3 separate buildings: a front house with #A (2/1) and #B (1/1); a standalone #C (2/1); and a 6-unit apartment building (1/1). Beautifully landscaped with two outdoor areas, on-site parking, and leased, coin-operated laundry. Prime mid-county location - walking distance to the beach and near Pleasure Point surf and Capitola Village. Close to public transit, shops, and restaurants. 5 %+ cap rate based on current performance. Potential for value-added improvements that can increase rental income over time.
Features
- Age: Over 50 Years Old
- Appliance: Cooktop - Electric
- Appliance: Cooktop - Gas
- Appliance: Cooktop
- Appliance: Oven - Gas
- Appliance: Range
- Architecture Style: New Traditional
- Cooling System: None (Cooling)
- Floor Covering: Vinyl
- Floor Covering: Linoleum
- Floor Covering: Carpet
- Heating System: Other (Heating)
- Heating System: Wall Furnace
- MLSID: ML82010023
- Parking Spaces: 6
- Roof Type: Composition
- Roof Type: Shingle
- Roof Type: Tar/Gravel
- Rooms: Bedroom 5
- Rooms: Bedroom 4
- Rooms: Kitchen
- Rooms: Bedroom 3
- Rooms: Bedroom 2
- Rooms: Bedroom 1
- View Type: None
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