Watsonville, CA 95076,805 Lincoln ST
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Watsonville, CA 95076,805 Lincoln ST
Watsonville, CA 95076,805 Lincoln ST
Watsonville, CA 95076,805 Lincoln ST
Watsonville, CA 95076,805 Lincoln ST

$1,775,000

Est. payment /mo

$1,799,000

1.3%
Est.Price: ?

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805 Lincoln ST Watsonville, CA 95076

0.4 Acres Lot

SOLD DATE : 12/06/2022

Key Details

Sold Price $1,775,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81909273

Sold Date 12/06/22

HOA Y/N No

Year Built 1919

Annual Tax Amount $19,331

Lot Size 0.404 Acres

Property Description

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.

Location

State CA

County Santa Cruz

Area 699 - Not Defined

Zoning Apartment

Interior

Heating Forced Air, Floor Furnace, Wall Furnace

Cooling None

Fireplace No

Exterior

Roof Type Tile

Total Parking Spaces 6

Building

Water Public

Schools

School District Other

Others

Tax ID 01806136000

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Greg Simpson • KW Bay Area Estates
Bought with Raeid Farhat • RF Real Estate

The Wilkas Group - Lenore & Alexander Wilkas

Real Estate Advisors | License ID: 01343201 & 01355442

+1(760) 407-2100

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