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140 Hillside Avenue, Ben Lomond, CA 95005
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140 Hillside Avenue
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More Like This
  • MLS#: ML81984537 ( )
  • Street Address: 140 Hillside Avenue
  • Viewed: 2
  • Price: $2,700,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1922
  • Bldg sqft: 0
  • Days On Market: 263
  • Additional Information
  • County: SANTA CRUZ
  • City: Ben Lomond
  • Zipcode: 95005
  • Provided by: Room Real Estate
  • Contact:
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Multi Family Income Property Along the San Lorenzo River in the Beautiful Redwoods of Ben Lomond, In the heart of Ben Lomond, this unique 9 unit income property offers a rare opportunity to own a piece of paradise. Situated on over 1.5 acres of tranquil, creekside land along the San Lorenzo River, this property is surrounded by majestic redwoods, offering both privacy and beauty. Walk to downtown Ben Lomond or 20 Minutes to the Beaches of Santa Cruz. The property is almost always fully rented and earns great income for the owners. The complex boasts a great mix of units: 3 bed/2 bath, 2 bed/1 bath, and 1 bed/1 bath, plus studio apartments. The property has long term tenants and very low turnover. This property generates a gross income of $286,452 annually, with an additional $1200 in bonus income from the laundry, delivering an excellent 6%+ CAP rate. This works out to about $300K per unit. For potential owner occupiers, the spacious 3 bed/2 bath home offers the opportunity to live in a serene, creekside setting while covering your expenses with rental income from the other units. This is a fantastic investment opportunity in one of the most picturesque locations in Ben Lomond. Don't miss your chance to own this incredible piece of real estate!
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Features
Building Area Total
  1. 5111.00
Carport Spaces
  1. 0.00
Cooling
  1. None
Heating
  1. Wall Furnace
Insurance Expense
  1. 14798.00
Otherexpense
  1. 3560.00
Parcel Number
  1. 07715119000
Roof
  1. Composition
Totalexpenses
  1. 82194.00
Trash Expense
  1. 7500.00
Water Source
  1. Public
Year Built
  1. 1922
Year Built Source
  1. Assessor
Zoning
  1. RM-6