PRICE CUT! - cap rate now over 7.5%, with potential for more! The White House: Great income producing property in downtown Boulder Creek on about 3/4 of an acre, sloping up from Highway 9. Bus stop next to property or walk to stores in downtown Boulder Creek. Half of the units have below market rent, since the tenants have lived there for many years. Operate as is, or invest in some upgrades and rent for more. All utilities are billed to the landlord, and landlord bills tenants pro-rated for water, garbage, gas and electric.
Listing courtesy of Peter Tiemann from Morgan Real Estate
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