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$ 1,599,999
Est. payment | /mo
7,753 Sqft Lot
$ 1,599,999
Est. payment | /mo
7,753 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82063605
HOA Y/N No
Year Built 1890
Annual Tax Amount $19,987
Lot Size 7,753 Sqft
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 699 - Not Defined
Zoning R
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Roof Type Composition
Building
Water Public
Schools
School District Other
Others
Tax ID 01855101000
Special Listing Condition Standard
Listed by Shawki Farhat Raeid Farhat Real Estate Inc #02225210
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "