$1,900,000
$2,400,000
20.8%For more information regarding the value of a property, please contact us for a free consultation.
9,720 SqFt
SOLD DATE : 08/05/2021
Key Details
Sold Price $1,900,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 9,720 sqft
Price per Sqft $195
MLS Listing ID ML81741971
Sold Date 08/05/21
HOA Y/N No
Year Built 1965
Lot Size 0.405 Acres
Acres 0.4046
Property Description
DO NOT DISTURB TENANTS. Multi Family investment opportunity for your RE portfolio, this 14 unit apartment building features twelve two-bedroom/one-bath units and (one) one-bedroom/one bath unit, plus a one studio apartment. Built in 1965 , the property offers building square footage of 9,720 square feet with lot size of 17,625 square feet. All units are Month to Month tenancy and are at below market rents. Located in a high rental demand area and near shopping and schools. Building features newer double pane windows, updated roof, fourteen covered parking and seven additional uncovered parking stalls spaces, this building is well maintained and has the upside potential you're looking for. 8% rent increase starting 1/1/2021. An additional 12 Units available in addition to these units for a total of 26 units.
Location
State CA
County Monterey
Area 699 - Not Defined
Zoning cr
Interior
Cooling None
Fireplace No
Exterior
Carport Spaces 14
Utilities Available Natural Gas Available
Roof Type Composition
Total Parking Spaces 5
Building
Water Public
Schools
Elementary Schools Other
High Schools Other
School District Other
Others
Tax ID 004221029000
Financing Conventional
Special Listing Condition Standard
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Bought with Ross Ramsey • Ross Ramsey, Broker
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