Property Details
About this Property
Unique opportunity to own a value-add Multi-Family rental property featuring one duplex and four stand-alone houses each with private yard space and all perfectly situated on a 17,598 +/- sq ft lot (Six total rentable units). Great mix of units ranging from approx. 633 sq ft to 1,848 sq ft. Corner lot with two homes on Palm Avenue, two homes on Lincoln Street, and the duplex located inside the courtyard walls. Great location approx. 1 mile from downtown Watsonville. Close proximity to E.A Hall Middle School, Watsonville High school and down the street from Callaghan Park. Current cap rate is 5.3% with upside potential! Most units have long term tenants with zero vacancy over the years! No rent control! All tenants have assigned parking, few units have driveway parking and plenty of street parking. Easy access to highway 1, 152 and 129.
MLS Listing Information
MLS #
ML81909273
MLS Source
MLSListings, Inc.
Interior Features
Appliances
Washer/Dryer - Some Units
Flooring
Carpet, Stone, Tile
Cooling
None
Heating
Floor Furnace, Forced Air, Wall Furnace
Exterior Features
Roof
Tile
Foundation
Concrete Perimeter and Slab
Style
Spanish
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, On Street, Garage: 0 Car(s)
Elementary District
Pajaro Valley Unified
High School District
Pajaro Valley Unified
Sewer
Public Sewer
Water
Public
Zoning
Apartment
Contact Information
Listing Agent
Greg Simpson
KW Bay Area Estates
License #: 01449209
Phone: (408) 832-2323
Co-Listing Agent
Taylor Klein
License #: 01924171
Phone: (408) 679-0285
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 5 | 6 | 6 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 633 | 1 | 1/0 | $1,000 | – | 1 |
| 2 | 633 | 2 | 1/0 | $1,800 | – | 1 |
| 3 | 633 | 1 | 1/0 | $1,554 | – | 1 |
| 4 | 1,848 | 3 | 1/1 | $3,218 | – | 1 |
| 5 | 700 | 2 | 1/0 | $1,700 | – | 2 |
| 6 | 700 | 2 | 1/0 | $1,575 | – | 2 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
805 Lincoln St is a Residential Income in Watsonville, CA 95076. This 5,147 square foot property sits on a 0.404 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,775,000 and was built in 1919. This address can also be written as 805 Lincoln 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 Greg Simpson, (408) 832-2323
