23 Ford Street, Watsonville, CA 95076 - Berkshire Hathaway HomeServices California Properties
23 Ford Street Watsonville, CA 95076
$2,875,000 0 beds, 0 baths
0 sqft

Agent Remarks

5.07% 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 $145763 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.

Listing Details

Property type: (Commercial)
Status: Active
MLS# ML82002701
List price is $2,875,000
HOA Fee is $0.00
Beds: 0
Baths: 0
Built in 2024
0.28 acres
Lot size: 0.2820
County: Santa Cruz
Zoning: Multi-Res
Heating/cooling: None
Heating description: Electric
MLS area: 699 - Not Defined

Last Updated: 7/12/2025

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This listing belongs to the 699 - Not Defined MLS area

Lat/Long: 36.913741, -121.761814.
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Listing Agent: Ruth Bates
Lic#: 01234982
Office Name: Mission Viejo

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