Best multi residential offering available in Santa Cruz

[Keith Johnson]

Hi All,

Best multi residential offering available in the county. Two separate duplexes, each built on separate parcels initially, county just combined to one. 1/2 acre parcel, new roofs, exterior paint, garage doors, windows, base rocked driveways, surveyed. All units need interior remodeling/components: flooring, kitchen, baths, paint....likely about $25,000 per unit to have a finished product.

Each unit will have attached garage, and very large yards in good location. Rents are pro forma. Any offers Wed 8/26.
Private: All vacant and needing complete interiors....cash deal. Rents are Pro Forma and units are not rentable in current condition. Asking $1.150M. Estimated ARV somewhere in the $1.4M's range. Offers due by Wed 8/26, seller would consider any strong preemptive offer before deadline. The units have the potential to produce roughly $10,000 per month in total income (for 4 units with large yard and attached garage...plus income from the extra 5th garage).

Keith Johnson

REO/Bank Owned Buyer's Agent
http://www.johnsonk.com
[email protected]
(408) 483-9261

CSR Real Estate Services
5330 Camden Ave.

San Jose, CA 95124

DRE# 01741178

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