Sold: $7,450,000 | CAP Rate 5.25%
Investment Overview
The Soquel Village Apartments offers investors a unique opportunity to own a beautifully renovated asset in the heart of Santa Cruz County. 15 units have been fully renovated with washer/dryer units; 3 others have had partial upgrades. The exterior has undergone a massive series of improvements: new sewer laterals, new paint, new dual pane windows, new stucco siding (middle building), new roofs, new fencing, new landscaping, new lighting, new paint, new parking lot, etc. The complex is centrally located near Soquel Ave, Porter/Bay/Old San Jose Rd, Highway 1 and multiple bus stops. There’s additional upside in rents with continuing improvements to the unrenovated units and adding paid-storage for tenants convenience.
Showing Schedule
*By Appointment Only
Interior Video (unit 4)
Aerial Video
Managing Director
Alex Budka
D: 831-275-5370
E: abudka@atlantisproperties.net
DRE#01913403
Managing Director
Joe Budka
D: 831-275-5370
E: jbudka@atlantisproperties.net
DRE#01913402
Property Highlights
Luxurious Interior Renovations
20 of 22 Units Remodeled
15 of 22 Units Include Washer/Dryers
Dedicated Yard Space/Parking
Updated Common Laundry Facility
New Roofs on All Structures
Extensive Exterior Improvements
Sewer Lateral Replaced
Electrical Panels Replaced
New Asphalt and Striping
Walking Distance to Shops, Restaurants, Breweries and Wine-Tasting
