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Listed by Mitchell Zurich • Marcus & Millichap • 650-391-1700
$2,900,000
Est. payment /mo
5,756 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,756 sqft
Price per Sqft $503
MLS Listing ID ML82062896
HOA Y/N No
Year Built 1964
Lot Size 0.321 Acres
Property Sub-Type Other
Source Datashare MLSListings
Property Description
$400,000 PRICE REDUCTION! Offered at $2,900,000, 119 Clay Street presents an opportunity to acquire a 10-unit apartment property in Santa Cruz. The property features a desirable unit mix of eight (8) one-bedroom and two (2) two-bedroom apartments, with an in-place 5.88% cap rate and 10.71 GRM. The property offers strong current income with upside potential through future rent growth in Santa Cruz's competitive rental market.
Location
State CA
County Santa Cruz
Interior
Heating Wall Furnace
Cooling None
Fireplace No
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