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Key Details
Sold Price $942,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81856939
Sold Date 09/21/21
HOA Y/N No
Year Built 1946
Annual Tax Amount $11,562
Lot Size 7,832 Sqft
Property Description
An unmissable investment opportunity with plenty of room for growth! This well-maintained, two-building complex stands out from its surroundings thanks to its cleanliness and charming exterior color scheme. All five units are currently leased and occupied at rents below the market average, meaning that there's still plenty of room to increase profitability. The square building on the corner of Beech and Garner houses four one-bedroom, one-bathroom units, while the adjacent two-story building on Beech houses four one-car garages on the first floor and a two-bedroom, one-bathroom unit that encompasses the entire second story and includes a bonus room. Unit square footages are approximately 425 sqft for the four smaller units and 742 sqft for the larger unit but these are not exact measurements. The complex also has a paved open space that can be used for additional parking. Four of the units are under a month-to-month contract, while the other unit is under a one year lease agreement.
Location
State CA
County Monterey
Area 699 - Not Defined
Zoning R-L-5.5
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Roof Type Tar/Gravel
Building
Water Public
Schools
School District Other
Others
Tax ID 004291007000
Financing Cash
Special Listing Condition Standard
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Bought with Mike Handley • Town'N Country Realty
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Terrance Scotton, Broker Associate
Broker Associate | License ID: 01707848 NMLS: 908256
Broker Associate License ID: 01707848 NMLS: 908256