About 23 Ford St
5.07% 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 5.0% Cap Rate and a GRM of 13.1. Tenants would very much like to stay. Property Management firm is in place to make this an easy transition for you.
Features of 23 Ford St
| MLS® # | ML82002701 |
|---|---|
| Price | $2,875,000 |
| Square Footage | 4,878 |
| Acres | 0.28 |
| Year Built | 2024 |
| Type | Multi-Residential |
| Sub-Type | Five or More Units |
| Status | Active |
Community Information
| Address | 23 Ford St |
|---|---|
| Area | Watsonville |
| City | WATSONVILLE |
| County | Santa Cruz |
| State | CA |
| Zip Code | 95076 |
Amenities
| Utilities | Public Utilities |
|---|---|
| Parking Spaces | 7 |
| Is Waterfront | No |
Interior
| Heating | Other, Electric Heat |
|---|---|
| Cooling | No Cooling |
| Fireplace | No |
Exterior
| Roof | Composition Roof |
|---|---|
| Foundation | Concrete Perimeter & Slab |
Additional Information
| Zoning | Multi-Res |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Ruth Bates |
|---|---|
| Office | Compass |
| Contact Info | 831-359-2212 |