609 ORD ST, APTOS, CA 95003
Agent
609 ORD ST, APTOS, CA 95003
$1,750,000
MLS# ML81643169
Status Active
County Santa Cruz
Sqft 4011
Description
Awesome Seacliff Triplex with big units on large landscaped lot in quiet neighborhood of homes, walking distance to the beach. Rents are low, with all tenants in place for 5+years. House now vacant, undergoing renovation for new monthly or vacation rental (appears eligible under SADA mapping). Per Property Manager, Fair Market Rent for house is $4800 per month or $350 per night. Pro forma rents for the two duplex units are conservatively at $3200+$3400, for blended Pro Forma GSI or $137,760, indicating projected GRM of 12.7 and Cap Rate of 5.1%. This is a sleeper!
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Courtesy Of Main Street Realtors - Datta Khalsa


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