About 114 Franklin St
7+ CAP Investment Opportunity! CAP rate above 7 is uncommon for multi-unit properties in Santa Cruz. Fully leased five-unit income property in prime Santa Cruz location. Property consists of a 2-bedroom main home, two detached studios (including a Jr. ADU), and two detached 2-bedroom/1-bath ADUs. All units are currently occupied, providing stable in-place rental income. Conveniently located near Highway 1, Santa Cruz Beach Boardwalk, UCSC, downtown Santa Cruz, and restaurants. Great opportunity for investors seeking a multi-unit investment property in an ideal location.
Features of 114 Franklin St
| MLS® # | ML82036301 |
|---|---|
| Price | $1,999,999 |
| Square Footage | 2,685 |
| Acres | 0.14 |
| Year Built | 1980 |
| Type | Multi-Residential |
| Sub-Type | Five or More Units |
| Status | Active |
Community Information
| Address | 114 Franklin St |
|---|---|
| Area | East Santa Cruz |
| City | SANTA CRUZ |
| County | Santa Cruz |
| State | CA |
| Zip Code | 95060 |
Amenities
| Utilities | Public Utilities |
|---|---|
| Garages | Assigned Spaces |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Electric |
|---|---|
| Cooling | None |
| Fireplace | No |
Exterior
| Roof | Aluminum Over Tar, Composition |
|---|---|
| Foundation | Post and Pier, Sealed Crawlspace |
Additional Information
| Zoning | N/A |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Shawki Farhat |
|---|---|
| Office | Raeid Farhat Real Estate Inc |
| Contact Info | 831-228-9559 |