Property Details
About this Property
Over 5% GO In CAP Rate.Rents just went Up; price went down. Price reduced and new scheduled rents(last increase effective 11/1/2022) w recent rent increases up an additional $950/mo adding over $200K in Value. Extremely rare opportunity to own an outstanding multi-res property in fantastic core Scotts Valley location. Scotts Valley known for best schools in county, ideal for commuters to Silicon Valley and Santa Cruz County, fun small town USA. Right on Scotts Valley Dr so convenient to all of town. The property is over 1/2Ac- 24,263 sq ft, providing upside/value add through increasing density or other development options. Go in 4.67% Cap Rate w/over $3500/mo loss to lease w some legacy tenants is a short term option to improve yield. All units set back from street. Rear of property has nice creek setting. Current configuration provides over 20 parking spaces. 4 of 6 units have been updated. New roof in 2017 Easy to own solid investment property now one to hold and enjoy long term.
MLS Listing Information
MLS #
ML81898741
MLS Source
MLSListings, Inc.
Days on Site
139
Buyer's Brokerage Compensation*
2.00
Interior Features
Flooring
Carpet, Other, Vinyl/Linoleum
Cooling
None
Heating
Central Forced Air - Gas
Exterior Features
Roof
Composition, Concrete, Tile
Foundation
Concrete Perimeter
Parking, School, and Other Information
Garage/Parking
Guest / Visitor Parking, Off-Street Parking, Parking Area, Garage: 0 Car(s)
Elementary District
Scotts Valley Unified
High School District
Scotts Valley Unified
Sewer
Public Sewer
Water
Public
Zoning
CS
4602 Scotts Valley Dr is a Residential Income in Scotts Valley, CA 95066. This 5,364 square foot property sits on a 0.557 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,695,000 and was built in 1981. This address can also be written as 4602 Scotts Valley Dr, Scotts Valley, CA 95066.
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This listing information is up-to-date as of November 16, 2022. For the most current information, please contact Andy Kay, (831) 239-9002
