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Listed by Shawki Farhat • Raeid Farhat Real Estate Inc, DRE#02225210
$1,599,999
Est. payment /mo
3 Beds
2 Baths
4,350 SqFt
New
406 E 5th ST Watsonville, CA 95076
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Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,350 sqft
Price per Sqft $367
MLS Listing ID ML82063605
Bedrooms 3
Full Baths 2
Year Built 1890
Lot Size 7,754 Sqft
Property Sub-Type Five or More Units
Property Description
Unbeatable value in Watsonville! Rare 8-unit portfolio priced under $200k/door on a single parcel (6-unit building at 642 Lincoln + duplex at 406 E 5th). Well-maintained with updated electrical, dual-pane windows, wall heaters, and refreshed kitchens, baths, and flooring. Select units feature bonus rooms. Separately metered for gas/electric with on-site coin-op laundry. Long-term tenants and low rents deliver massive upside. Housing Authority payment standards yield a pro forma potential gross income of $288,864/year ($2,639/mo for 1BRs, $3,379/mo for 2BRs). Walking distance to schools (elementary through high school) and downtown.
Location
State CA
County Santa Cruz
Area Watsonville
Zoning R
Interior
Heating Wall Furnace
Cooling None
Exterior
Parking Features No Garage, On Street
Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities
Roof Type Composition
Building
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 018-551-01-000
Security Features None
Special Listing Condition Not Applicable
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