207 Brennan ST, Watsonville, CA 95076
- $3,100,000
- 5,177
- SqFt
- Sold Price
- $3,100,000
- List Price
- $1,595,000
- Closing Date
- Aug 03, 2022
- MLS#
- ML81895903
- Status
- SOLD
- Property Type
- com
- Sqft. of Residence
- 5,177
- Lot Size
- 7,492
- Listing Area
- Watsonville
- Year Built
- 1965
Property Description
The subject property provides a rare opportunity to acquire a value-add multifamily property with significant upside in rent potential. The property is in a prime location in the heart of Downtown Watsonville just one block off of Main Street. Light interior upgrades will afford investors the opportunity to capture significant increase in rental income. Since the onset of the COVID-19 Pandemic, Santa Cruz County has been injected with mass migration from the Silicon Valleys remote workforce. In turn, countywide rents have skyrocketed 18.4%. As renters keep getting priced out of more expensive sub-markets in and around the City of Santa Cruz, demand continues pushing south to more affordable areas like Watsonville. This rental demand surge has pushed vacancy rates to 0.5% Download Offering Memorandum Here: https://www.redwoodpropertyco.com/207brennan
Additional Information
- Acres
- 0.17
- Age
- 57
- Building Name
- Alice Byer Apartments
- Cooling System
- None
- Foundation
- Concrete Perimeter
- Garage Parking
- Carport
- Heating System
- Wall Furnace
- Living Area
- 5,177
- Lot Size
- 7,492
- Neighborhood
- Watsonville
- Other Utilities
- Public Utilities
- Roof
- Shingle
- Sewer
- Sewer - Public
- Special Features
- None
- Unincorporated Yn
- Yes
- Zoning
- RM3
Mortgage Calculator
Listing courtesy of Nick Oliver from Redwood Property Company. 831-275-0025
Selling Office: S0088.
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