Sold
217 Berry ST
SANTA CRUZ CA, 95060
$5,970,000
$642.35 per sqft
Sold
9,294 sqft
Multi-family
Built in 2022
Listed by eXp Realty of California Inc., Andy Kay, Listing Contact: 8312399002
Priced below recent appraised 6/29/22 value. Fantastic multi-family investment opportunity. This unique 12-unit compound combines 8-existing 2br/1bth apartment units and 4-new detached sfr homes. Over $1.8m in recent capital improvements including state of the art Solar mini grid, existing unit renovations-some units, new parking lot paving, new paint, new private yard fencing, new landscaping, new laundry room. New homes have 7 yr warranty lowering any maintenance expenses or capital investments for new owner. Solid go in return 5.05% with demonstrated and huge- value add opportunity by updating remaining 6-2br apartments and bring to market at unit turn. Doing so would result in over a 6% Cap. Utilities are being billed back to tenants adding to owner income. This is a must see property for any Santa Cruz investor.
ML81897332
MLSⓇ ID
August 25, 2022
Listed
March 9, 2024
Updated
Map
217 Berry ST
SANTA CRUZ CA, 95060
Interior Features
Appliances
Cooktop, Dishwasher, Refrigerator, Microwave, Oven, Range
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Electric, Natural Gas
Exterior/Building Features
Lot Size
0.41 Acres
Lot Features
Level
Roof
Composition
Sewer
Public Sewer
School Information
School District
840
Other Property Details
Area Name
East Santa Cruz
Garage
No
Parking Total
8
View
No
County
Santa Cruz
Water Source
Public
Pool
No
Zoning
RL
Buyer Agency Compensation
2%
Listed by eXp Realty of California Inc., Andy Kay,
Listing Contact: 8312399002
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Data last updated 9:54 PM UTC, 3/9/2024