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 18, 2022

Listed

November 22, 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

Listed by eXp Realty of California Inc., Andy Kay,
Listing Contact: 8312399002 

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLS Listings, Inc. MLS system. Real estate listings held by brokerage firms other than Rooted Real Estate are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.

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Data last updated 4:52 AM UTC, 11/22/2024

 

 

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