The White House: Great income producing property in downtown Boulder Creek on about 3/4 of an acre, sloping up from Highway 9. Bus stop next to property or walk to stores in downtown Boulder Creek. Also a piece of history. The 4-bedroom house has a 'Historic Home' placard. At least 3 of the units have below market rent, since the tenants have lived there for many years. Property provides good cap rate as is, or some units could be upgraded and re-rented for more. All utilities are billed to the landlord, and landlord bills tenants pro-rated. The gross rent of $80,100 does not include the utility payments made by the tenants. The actual gross rent collected is around $92k/year.
Listing courtesy of Peter Tiemann from Morgan Real Estate
Based on information from MLSListings MLS as of All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright 2019 MLSListings Inc. All rights reserved