816 Riverside Avenue Santa Cruz, CA 95060
You'll be proud to own this incredible Santa Cruz investment property.Long time owner will consider financing w 30 %+ down payment at UNDER MARKET 5% interest rate.Very well built/maintained 5 plex, close to vibrant downtown, UCSC-convienent for students, beaches on quiet one way street surrounded by period Victorians.Units are town home style with private fenced yards and patios, separate wtr heaters and more. Ample off-street parking-2/unit. Current rents are competitive but should allow income growth and upside potential for next owner. Income represents 2022 reported from property manager-showing property potential. Current annualized 2024 rent roll $176, 400. Expenses from 2023 P/L from PM.
- Property TypeCommercial
- NeighborhoodN/A
- CountySanta Cruz
- Taxes$30,625
- HOA/Condo/Coop Fees$0
- Days on Site52 Days
- MLS StatusActive Under Contract
- MLS ID NumberML81972858
- Home Size Source Other
- Year Built1976
- Lot Size0.187 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Spaces 5
- Acreage 0.187
- Water Public
- Zoning RM
- Listing Conditions Standard
Interior Features
- Cooling None
- Heating Electric
Exterior Features
- Roof Composition
Community Features
- Association Dues 0
- MLS Area 699 - Not Defined