$1,005,000
$1,039,100
3.3%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
1,624 SqFt
SOLD DATE : 08/16/2018
Key Details
Sold Price $1,005,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 1,624 sqft
Price per Sqft $618
MLS Listing ID ML81697464
Sold Date 08/16/18
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1959
Lot Size 6,398 Sqft
Property Description
5.7% CAP RATE!!! - Highest Cap Rate currently available on the Monterey Peninsula by far! Others currently on the market in the area range from 2.3% - 4.0% CAP Rates. This property generates $74,000 in annual rental income. That breaks down to $6,190/mo in rental income. BOTH units have been rented. Unit 944 - 2BD/1BA $3,195/month. Unit 946 - 2BD/1BA $2,995/month - This charming remodeled Duplex features a Contemporary/Modern design with ocean views. Amenities include close proximity to 17 Mile Dr, Asilomar Beach, and Spanish Bay; Pacific Grove schools are some of the best in the state - a bonus for tenants with families. Take advantage of all Pacific Grove has to offer.
Location
State CA
County Monterey
Area 699 - Not Defined
Zoning Duplex
Interior
Heating Wall Furnace
Flooring Wood
Fireplace No
Appliance Dishwasher, Disposal, Refrigerator
Exterior
Parking Features Carport, Off Street
Carport Spaces 2
Fence Wood
Roof Type Composition
Attached Garage No
Total Parking Spaces 2
Building
Story 1
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Other
Others
Tax ID 006622023
Financing Cash
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with John Brigantino • San Benito Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "