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Listed by Marcus & Millichap
$ 1,750,000
Est. payment /mo
Open Wed 11:30AM-1PM
24 Meadow Way Scotts Valley, CA 95066
3,872 SqFt
Open House
Wed Aug 19, 11:30am - 1:00pm
Wed Aug 26, 11:30am - 1:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,872 sqft
Price per Sqft $451
MLS Listing ID ML82057002
HOA Y/N No
Year Built 1982
Lot Size 0.260 Acres
Property Sub-Type Quadruplex
Source Datashare MLSListings
Property Description
**Unit C Vacant - Market Rent Used In Place** 24 Meadow Way offers an attractive opportunity to acquire a four-unit condo portfolio in one of Scotts Valley's most desirable residential neighborhoods. The property features four identical 2-bedroom, 1.5-bathroom units, each approximately 968 square feet with dedicated parking, providing operational simplicity and consistent tenant appeal. This uniform floor plan supports stable occupancy and straightforward rent management, while existing below-market rents offer a clear path to increased cash flow for a new owner. Built in 1985 with individual condo zoning on each unit, the property has been well-maintained and is poised for a new investor to come in, take the unit renovations to the next level and push the remaining rents to market.
Location
State CA
County Santa Cruz
Interior
Heating Forced Air
Cooling No Air Conditioning
Flooring Laminate, Tile
Fireplace No
Schools
School District Scotts Valley Unified, Scotts Valley Unified