Listing Courtesy of David Lyng Real Estate
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Residential Income (2-4 Units)
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The Eben Bennett Home built in 1871, is the oldest family residence on Beach Hill. A beautiful, Victorian, Italianate Style Mansion, was reconfigured as a triplex. Entire upstairs is a lovely, very large, 4 BR+ huge enclosed sun porch. Open great room & kitchen, new interior paint/flooring. Large deck. Ground level is spacious 2 BD/1 BA (3rd St), on side facing Main St is large 1 BD/I BA. Fenced park like yards on both sides.Detached 4 car garage & storage, possible extra income. $150-200/Mth each.The 4 BD is vacant, 2 BD /1 BA is vacant. A landmark, pride of ownership property. Historical designation has some restrictions but also allows flexibility for development and other benefits. Estimated possible income/return based on projected rents & expenses: 4BD@$6000/mo, 2Bd@$2600-2900. 1BD@$1400/mo-Mo actual),subject to rental freeze. EST, $132,000/yr -$30K -projected expenses, projected net income $100,000+-, 5.8% cap rate +-(Buyer to verify, not guaranteed).
||919 3rd ST
West Santa Cruz
- Countertop - Stone, Oven Range, Refrigerator
- High Ceiling
- Forced Air
- Individual Electric Meters,Individual Gas Meters,Public Utilities
- Concrete Perimeter
- David Lyng Real Estate - Sally Lyng
Property Listed By David Lyng Real Estate
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