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listing
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Single FamilyFor Sale
$2,875,000
23 Ford Street
Watsonville, CA 95076
Listed by: Ruth Bates from Compass, 831-359-2212
MLS: Bay East Contra Costa (BECCAR)
4,878Sq Ft
Est. Mortgage
$14,940/mo

5.07% CAP RATE! Two brand new (May 2024) 750 Sq. Ft. 2-bedroom/2-bath townhomes, all electric with solar, heatpump, all new everything! Plus Main Building with 5 units ( four 1-bedroom, 1- two-bedroom) that have all been remodeled over the past 5 years (new kitchens, new baths, new flooring, fresh paint, updated plumbing and electric). 3 units just had new flooring and bathrooms installed. On-site parking for all units. This property currently generates $218,820 in Annual Gross Rents ($182,35/month) and a Net Operating Income of $145763 per year resulting in a 5.0% Cap Rate and a GRM of 13.1. Tenants would very much like to stay. Property Management firm is in place to make this an easy transition for you.

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Information courtesy of Compass is subject to verification and is not guaranteed.
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