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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
Garage Carport, Off Street
Carport Spaces 2
Fence Wood
Roof Type Composition
Parking Type Carport, Off Street
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
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Bought with John Brigantino • San Benito Realty
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