23 Ford Street, Watsonville, CA 95076
Commercial property · 2 recorded sales since 2018
Sold December 2019
Listing Agent: Sean Poudrier (DRE #01932326) · Listing Office: Coldwell Banker Realty · Contact: (831) 688-6461 · Bought with: Ruth Bates · Christie's International Real Estate Sereno · MLS #ML81767191 · Source: CRMLS
About this commercial property
7.25% CAP Rate!!! Seller is open to the idea of a possible PROPERTY SWAP. This extensively REMODELED building generates $10,100 per month in RENTAL INCOME!!! That is an annual income of over $120,000 per year. The recent remodel includes completely NEW kitchens, NEW baths, NEW flooring, FRESH PAINT inside and out, UPDATED plumbing and electrical and more. The property consists of five units in total. The building configuration is as follows: One 2 bedroom 1 bath unit and Four 1 bedroom 1 bath units. The property sits on over a QUARTER ACRE in a very centrally located and highly desirable neighborhood in Watsonville. Due to the large lot size, there might be a possibility of future building potential - buyer to verify with the City of Watsonville.
Listing description from the December 2019 sale, as reported to CRMLS.
Sale history
