Property Details
About this Property
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.
MLS Listing Information
MLS #
ML82002701
MLS Source
MLSListings, Inc.
Days on Site
27
Interior Features
Cooling
None
Heating
Electric, Other
Exterior Features
Roof
Composition
Foundation
Concrete Perimeter and Slab
Parking, School, and Other Information
Garage/Parking
Off-Street Parking, Garage: 0 Car(s)
Elementary District
Pajaro Valley Unified
High School District
Pajaro Valley Unified
Sewer
Public Sewer
Water
Public
Zoning
Multi-Res
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | 9 | 7 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | – | 1 | 1/0 | $2,140 | $2,215 | 4 |
| 2 | – | 2 | 1/0 | $3,000 | $3,000 | 1 |
| 3 | 750 | 2 | 1/0 | $3,225 | $3,225 | 2 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
23 Ford St is a Residential Income in Watsonville, CA 95076. This 4,878 square foot property sits on a 0.282 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,875,000 and was built in 2024. This address can also be written as 23 Ford St, Watsonville, CA 95076.
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This listing information is up-to-date as of May 09, 2025. For the most current information, please contact Ruth Bates, (831) 359-2212
