121 Sylvar Street
Santa Cruz, CA 95060
Contact Joe Muzzio, Listing Broker
for Financials and Disclosures.
License #: 01868571
RARE OPPORTUNITY to own a well-maintained 8-unit apartment complex.
First time on market in 50 years!
Great investment property with excellent financials showing continued revenue growth and strong, steady,
in-place cash flow stream.
Prime location in Westside Santa Cruz across from Mission Plaza, steps to downtown, HWY 17, UCSC, mountains & beaches. Consists of (2) 2-bed/1-bath units with park views and (6) 1-bed/1-bath units, carport with 6 spaces and 8 storage cabinets, on-site coin-op laundry room and bike room. Charming kitchens include original tile, gas stoves, refrigerators, abundant cabinetry, and rear access.
Extensive improvements include double-pane windows; composite shingle roof; balcony, railing, staircase renovations, exterior painting; asphalt paving; refinished hardwood floors - 5 units; water heater; crawlspace vapor barrier and more! On-street permit and free day-use parking. Low maintenance landscaping. Individual electric meters. Sewer lateral replacement, property and pest inspection completed. Fully rented. Smoke-free complex. No-pet policy (Emotional Support Animals allowed).
Offered at $3,200,000
Santa Cruz City
Rental Inspection Certification