Encanto
An investment opportunity: two side-by-side brand-new units, sold as a package. Each is a separate 2,048 square foot, three-bedroom, three-and-a-half-bath home — live in one and rent the other, or lease both.
At $488 a square foot, the package is priced well below the Watsonville single-family median of $738 a square foot. Every bedroom has its own private en-suite bathroom, and each unit includes an attached 465 square foot garage and 124 square feet of private outdoor space. As brand-new construction, both carry full builder warranties.
The community sits on eleven acres backing onto a scenic waterway and nature trail, with a sports court, fitness par course, bocce ball court, community garden, dog park, picnic areas with barbecue grills, a children’s playground and a bird-watching overlook deck. Solar is included on every home.
per month · one side, principal & interest
This is two side-by-side units sold as one package, so the payment above is for one side only. A single FHA loan on the whole package would exceed the Santa Cruz County limit, so buyers typically finance the side they live in with FHA and the second one conventionally — where a tenant is estimated to cover about $5,500 a month. That estimate came independently from two local property management firms and is not guaranteed. Ask us to run the owner-occupant and investor structures on your own numbers.
Neighborhood Loans · NMLS 198202
619.843.0627
adelgadillo@neighborhoodloans.com
Open house every Saturday & Sunday
511 Ohlone Parkway, Watsonville