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

November 22, 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 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Blake Russell shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLS Listings, Inc. MLS system. Real estate listings held by brokerage firms other than Blake Russell are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.

©2024 MLS Listing, Inc. All rights reserved. 2024

Data last updated 4:47 AM UTC, 11/22/2024

 

 

Powered byLuxury Presence