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+16615447793
Ilma's Inc.
344 Pennsylvania Drive, Watsonville, CA 95076
- $4,300,000
- List Price
- $4,300,000
- Status
- ACTIVE
- MLS#
- ML82051650
- Year Built
- 1965
- Lot Size
- 13,112
- Acres
- 0.30
- Days on Market
- 112
- Property Type
- Commercial
Property Description
An exceptional 8-unit investment opportunity in Watsonville. This is a well-maintained property features seven spacious 2-bedroom, 1-bath units and one 3-bedroom, 2-bath unit, offering strong tenant appeal and a proven rental history. Completely renovated in 2024, this property was rebuilt from the studs out with extensive upgrades including new drywall, plumbing, electrical systems, new roofs, modern kitchens with gas cook tops, quartz counter tops, and new cabinetry. Beautifully updated bathrooms with tub and over head shower. Bedrooms are ample sized with large closet area. Built -in storage cabinets in hallway. Luxury plank flooring (LPF) throughout all units. Ground floors have individuals private back yards of various sizes. Upper units have balconies. Conveniently located distance to Target, Home Depot, shopping, dining, and everyday amenities. The property also benefits from an elementary school right on the corner and easy access to downtown Watsonville and HWY 17 For investors seeking a turnkey asset with significant capital improvements already completed, this is a rare opportunity to acquire a fully renovated, income-producing property in a highly desirable location. All units are at current market rates with all utilities paid by tenants.
Additional Information
- Taxes
- $26,000
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- None
- Roof
- Composition
- Water
- Public
- School District
- Other
- Elementary School
- Other
- Middle School
- Other
- High School
- Other
- Attached Structure
- Detached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $327,600
Listing courtesy of Listing Agent: Jo Ellen Smith (forjoellensmith@gmail.com) from Listing Office: Bailey Properties.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.