$1,995,000
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136 Market Street Santa Cruz, CA 95062
Single Family
Residence
6
Beds
3
Baths
...
Bed/Bath
2,250
Sq. Ft.
Property Activity
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Outstanding rental property investment opportunity in central Santa Cruz! Well maintained triplex with many recent improvements, highly desirable two-bedroom apartments, and a strong rental history. Ideally located near the rapidly growing downtown area with a Very walkable and Bikers Paradise Off...ers easy access to restaurants, shops, Whole Foods Market, Highway 1, the pier, Boardwalk, and beaches. Each unit has a private outdoor patio area and rare attached two-car garage that provides ample options for off-street parking, storage, and bonus living space. Below market rents compared to current Zillow rental rates provide an opportunity to improve cash flow and property value by raising rents to market rates upon tenant turnover. Upside potential, lower operating expenses due to improvements, and the potential for long-term value appreciation make this an excellent investment opportunity in a prime Santa Cruz location. Recent improvements include a newer roof, exterior paint job, sewer lateral replacement, water main replacement, newer water heaters, and interior flooring updates. Triplexes in Santa Cruz with this excellent condition, desirability, and long-term stability are rare in Santa Cruz. Don't miss this opportunity!
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MLS#
ML82028897
Property Type
Single Family
Bedrooms
6
Bathrooms
3 Full
Year Built
1976
Square Feet
2,250
sq. ft
Lot Size
0.22
Sewer
Public Sewer
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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
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