14
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$1,358,000
Est. payment /mo
New
118 Beulah CT Santa Cruz, CA 95060
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $905
MLS Listing ID ML81998737
Style Ranch
Bedrooms 3
Full Baths 3
Year Built 1963
Lot Size 0.269 Acres
Property Sub-Type Triplex
Property Description
Looking for Passive Income- Check out this charming Santa Cruz Triplex. Unlock the potential for long-term financial security and generational wealth with this exceptional Santa Cruz triplex that is fully rented and in excellent condition. Three one-bedroom, one-bathroom units, with open parking and common area. The current owner has fostered an environment that has garnered long term renters, creating a harmonious relationship between tenants and property that ensures consistent care and maintenance. Recent upgrades, including newer flooring, appliances, and an engineered septic system, make this a low-maintenance investment, while its prime location provides privacy, accessibility, and an excellent commute. With market rents professionally estimated near $2,349 per unit, theres immediate potential for increased cash flow. Adjustments to the financials, such as transitioning tenant utilities like trash and water to tenant responsibility, can further boost your rate of return or CAP rate. Owning a triplex can generate consistent income as well as setting the foundation for long-term wealth. Dont miss this chance to make a sound investment in your legacy. Do not disturb tenantsschedule your viewing today and take the first step toward building generational wealth.
Location
State CA
County Santa Cruz
Area Scotts Valley South
Zoning SU
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate
Exterior
Parking Features Common Parking Area
Utilities Available Propane On Site
Roof Type Composition
Building
Lot Description Regular
Story 1
Foundation Concrete Perimeter
Sewer Septic Engineered
Water Public
Level or Stories 1
Others
Tax ID 067-233-41
Security Features None
Horse Property No
Special Listing Condition Not Applicable
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Listed by Brandi S. Jones • David Lyng Real Estate