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Emil Soleyman

emil@emilrealestate.com +1(209) 500-8589

Listed by Fred Rubio • Marcus & Millichap, DRE#01984041

$1,750,000

Est. payment - /mo

8 Beds

6 Baths

3,872 SqFt

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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 Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,872 sqft

Price per Sqft $451

MLS Listing ID ML82057002

Bedrooms 8

Full Baths 4

Half Baths 4

HOA Fees $400

HOA Y/N 1

Year Built 1982

Lot Size 0.260 Acres

Property Sub-Type Fourplex

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

Area Scotts Valley

Zoning Zone R-H

Rooms

Other Rooms Other

Kitchen Appliances - Vary by Unit

Interior

Heating Central Forced Air - Gas

Cooling None

Flooring Carpet, Laminate, Tile, Vinyl / Linoleum

Laundry Washer / Dryer

Exterior

Exterior Feature Balcony / Patio, Fenced, Porch - Enclosed

Parking Features Attached Garage, On Street

Garage Spaces 3.0

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Shingle

Building

Story 2

Foundation Concrete Slab

Sewer Sewer in Street

Water Individual Water Meter, Water Available at Street

Level or Stories 2

Others

Tax ID 024-151-23-000

Miscellaneous Other

Security Features Fire Alarm ,Secured Garage / Parking

Horse Property No

Special Listing Condition Not Applicable

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24 Meadow WAY Scotts Valley, CA 95066