$1,780,000
$2,250,000
20.9%For more information regarding the value of a property, please contact us for a free consultation.
8,520 SqFt
SOLD DATE : 08/05/2021
Key Details
Sold Price $1,780,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 8,520 sqft
Price per Sqft $208
MLS Listing ID ML81742016
Sold Date 08/05/21
HOA Y/N No
Year Built 1971
Lot Size 0.304 Acres
Acres 0.3045
Property Description
DO NOT DISTURB TENANTS. Multi Family investment opportunity for your RE portfolio, this 12 unit apartment building features eight two-bedroom/one-bath units and (four) one-bedroom/one bath units. Built in 1971 , the property offers building square footage of 8,520 square feet with lot size of 13,263 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 and freeway access. Building features newer double pane windows, updated roof, twelve covered parking and six additional uncovered parking spaces, this building is well maintained and has the upside potential you're looking for. Two additional properties available for a total of 26 rental units. 8% rent increase starting 1/1/2021.
Location
State CA
County Monterey
Area 699 - Not Defined
Zoning Multi
Interior
Cooling None
Fireplace No
Exterior
Carport Spaces 12
Roof Type Composition
Total Parking Spaces 6
Building
Water Public
Schools
School District Other
Others
Tax ID 003792003000
Financing Conventional
Special Listing Condition Standard
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Bought with Ross Ramsey • Ross Ramsey, Broker
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