Asking Price: $1,998,000

Great investment opportunity for 5 unit apartment building with 4- 1 bedroom 1 bath and 1- 2 bedrooms 1 baths in an upcoming area with many new luxury hotels and restaurants in the area along with the beach, wharf and downtown- 5.8 miles to UCSC-ideal for bicycling, surfing, dining. Property is fully fenced with a courtyard to relax or bbq in. It has separate electric meters, ceiling fans, recessed lighting and partially updated kitchens and baths. Shows good income. Rents appear under market value and potential for higher cap rate with self management. Fully occupied.