Listing provided courtesy of Ruth Bates of Compass. Last updated 2025-04-19 08:32:42.000000. Listing information © 2024 Sandicor.
Asking Price: $2,875,000 |
23 Ford, Watsonville CA 95076
Community: 699 - Not Defined
This property was built in 2024 and is priced at $2,875,000. Please see the additional details below.
5.0% 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 $143,597 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.
