313 Raymond Street

Upside Potential! Great investment opportunity for 5 unit apartment building in redeveloping area with 4- 1 bedroom 1 bath and 1- 2 bedrooms 1 with many new luxury hotels and restaurants in the area along with the beach, wharf and .08 mi to downtown- 5.8 miles to UCSC-ideal for bicycling, walking, 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. Potential for higher cap rate with self management. Fully occupied. Easily rented.