For Sale: 9-Unit MultiFamily Complex | Strong Rental History | Santa Cruz, CA

[Juliana Passaro]

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, Unit #A (2 bed/1 bath) and Unit #B (1 bed/1 bath); a standalone Unit #C (2 bed/1 bath); and a 6-unit apartment building (All Units 1 bed /1 bath). 

This property features beautiful landscaping with two outdoor areas, on-site, off-street parking (5 covered and 6 uncovered spaces), 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. Schedule a showing today!

https://www.loopnet.com/Listing/1450-Merrill-St-Santa-Cruz-C...