Sold
200 Park AVE
MONTEREY CA, 93940
$3,300,000
$544.29 per sqft
Sold
6,063 sqft
Multi-family
Built in 1982
Listed by Albers Real Estate Investment Company, Hap Albers, Listing Contact: 8313721922
Rarely available 12-unit Monterey apartment complex. The Oak Grove neighborhood is highly sought after by tenants and investors. This complex is three blocks from the Pacific Ocean and Del Monte Beach. The property is two blocks from the Navy Post Grad School, whose students are ideal residents for 12-30 months. The unit mix consists of 11 studios ( average rent $1420) and a two-bedroom / one-bathroom unit. Market rents are $1600 for the studios and $2000 for the two-bedroom. The units are separately metered for water. Each unit has its own hot water heater. Tenants pay PG&E and water. The landlord is responsible for sewer, garbage, and common area PG&E & water. Newly painted in 2020. Positive features include stucco exteriors, cement & steel staircases, cement decks, and an asphalt composition roof. Laundry equipment is owned by the building. Rental income is based on the August 2021 rent roll.
ML81853957
MLSⓇ ID
July 16, 2021
Listed
October 1, 2024
Updated
Map
200 Park AVE
MONTEREY CA, 93940
Interior Features
Interior Features
Laminate, Tile
Appliances
Cooktop, Refrigerator, Oven, Range, Washer
Floor Description
Laminate, Tile
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Electric
Exterior/Building Features
Lot Size
0.14 Acres
Lot Features
Level
Roof
Composition
School Information
School District
438
Other Property Details
Area Name
Oak Grove
Garage
No
Parking
Off Street
View
No
County
Monterey
Pool
No
Zoning
R-3
Listed by Albers Real Estate Investment Company, Hap Albers,
Listing Contact: 8313721922
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