406 E 5th Street, Watsonville, CA 95076

$1,599,999
4,350
SqFt

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List Price
$1,599,999
Status
ACTIVE
MLS#
ML82063605
Year Built
1890
Property Type
Other
Living Area
4,350
Lot Size
7,754
Acres
0.18
County
Santa Cruz
Subdivision
Ca

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.

Additional Information

Appliances
Refrigerator
Roof
Composition Shingles
Water Sewer
Public

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Calculator source: Real Geeks

Listing courtesy of Shawki Farhat from Raeid Farhat Real Estate Inc. 831-228-9559

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