Property Details
About this Property
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
MLS Listing Information
MLS #
ML81895903
MLS Source
MLSListings, Inc.
Interior Features
Cooling
None
Heating
Wall Furnace
Exterior Features
Roof
Shingle
Foundation
Concrete Perimeter
Parking, School, and Other Information
Garage/Parking
Carport, Garage: 0 Car(s)
Elementary District
Pajaro Valley Unified
High School District
Pajaro Valley Unified
Sewer
Public Sewer
Water
Public
Zoning
RM3
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 4 | 5 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | – | 2 | 2/1 | – | – | 1 |
| 2 | – | 2 | 2/0 | $947 | $1,068 | 2 |
| 3 | – | 2 | 1/0 | $969 | $1,013 | 2 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
207 Brennan St is a Residential Income in Watsonville, CA 95076. This 5,177 square foot property sits on a 7,492 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,100,000 and was built in 1965. This address can also be written as 207 Brennan St, Watsonville, CA 95076.
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This listing information is up-to-date as of December 21, 2024. For the most current information, please contact Nick Oliver, (831) 275-0025
