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609 Ord St
Aptos, CA 95003
4011 sq/ft
$1,750,000
MLS# 81643169 | ID: 44082081

Property 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!

Property Features

Property Type Single Family Home
Year Built 1958
Approx. Lot Size .26 Acres
Sq. Feet 4011

Main Street Realtors

2567 Main Street
Soquel, CA 95073
Phone: (831) 462-4000
For more details and photos, visit:
http://hnl.to/m/44082081