This Soquel fourplex at 5074 Wilder Drive is the only fourplex available in Santa Cruz County
This Soquel fourplex at 5074 Wilder Drive is the only fourplex available in Santa Cruz County currently and it is a very special one at that. It has three units that are 2 bed and 1 bath, and one unit that is 1/1. Priced at $2,300,000, it has a cap rate of 3.65 and a gross annual rent of $123,600. This building is 3,150 square feet and it was fumigated in 2016. This property was painstakingly renovated in 2016 with new floors throughout, new forced air heat for 3 units, new community washer and dryer setup, new kitchens, new bathrooms, fresh paint, new landscaping and much more.
This property is walking distance to Gail's Bakery and downtown Capitola.
All of the inspections have been done recently including: roof inspection, home inspection, pest inspection, and sewer lateral inspection and it is incredibly clean. The tenants all pay on time and are very quiet (the kind of tenants all landlords dream of having). Unit 2, which is the most desirable unit with the largest yard, will be vacant for showings starting this Monday. This gives the future landlords the opportunity to bring new tenants into unit 2 at a higher market rate, or possibly live in it themselves. This property is in a great location at the edge of Soquel and Capitola and is walking distance to Gail's Bakery and downtown Capitola.
First showings will be Monday January 10th
If you want a great investment to protect your hard earned money from inflation and make a great return, this is your chance. First showings will be Monday January 10th and the open houses are Sat and Sun January 15,16,22, and 23. Offers will be reviewed Tuesday January 25th.
