Sold
207 Brennan Street
WATSONVILLE CA, 95076
$3,100,000
$598.80 per sqft
Sold
5,177 sqft
Multi-family
Built in 1965
The subject property provides a rare opportunity to acquire a value-add multifamily property with significant upside in rent potential. The property is in a prime location in the heart of Downtown Watsonville just one block off of Main Street. Light interior upgrades will afford investors the opportunity to capture significant increase in rental income. Since the onset of the COVID-19 Pandemic, Santa Cruz County has been injected with mass migration from the Silicon Valleys remote workforce. In turn, countywide rents have skyrocketed 18.4%. As renters keep getting priced out of more expensive sub-markets in and around the City of Santa Cruz, demand continues pushing south to more affordable areas like Watsonville. This rental demand surge has pushed vacancy rates to 0.5% Download Offering Memorandum Here: https://www.redwoodpropertyco.com/207brennan
ML81895903
MLSⓇ ID
August 1, 2022
Listed
November 27, 2023
Updated
Map
207 Brennan Street
WATSONVILLE CA, 95076
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.17 acres
Roof
Shingle
Sewer
Public Sewer
School Information
Elementary School
800
Other Property Details
Area Name
Watsonville
Garage
No
Parking
No
View
No
County
Santa Cruz
Water Source
Public
Pool
No
Zoning
RM3
Buyer Agency Compensation
2.5%
Courtesy of Redwood Property Company, Nick Oliver,
Listing Contact: 8316878720
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Data last updated 6:09 AM UTC, 11/27/2023
