13089 Highway 9, Boulder Creek CA

Offered at $934,000

13089 Highway 9, Boulder Creek CA

Multi-Unit – Offered at $934,000

Three highly visible, historic, mixed use commercial/residential buildings with four units at the center of Boulder Creek Downtown offers potential for development. Zoned C-2-L with up to 50% residential, there is ample room for more residential space.The front historical building on Highway 9 is 2700 SF, 1/2 bathroom with large picture window showroom. Second small unit in this building has been combined with the larger open space. The second building on Pine Street is a 768 SF, 1/2 bathroom building, currently used for retail. The rear building, 2 stories, 2035 SF, has an upstairs apartment with 2 beds and one bath in good condition with some upgrades. The downstairs space has 1/2 bath, zoned for a restaurant, grandfathered in, currently in development. All units currently rented with good income: 13089 Highway 9, 125 Forrest St and 15090 Pine St. (2 units) Combined rental income is $6,533/mo; 4.34% Cap Rate. Pro-forma rents and expenses actual 2017/2018.