7 Unit Multi-Family
7 Unit Apartment Building | $3,225,000 ($460,714/Unit) | 4.15% Cap Rate | Monterey, CA 93940
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,225,000
- Property Type
-
Multifamily
- Square Feet
- 4,820 SF
Listing Contacts
Paul Stansen
Verified Profile
- Property Info
Property Overview
Price represents a $250,000 reduction effective 4/23/2024! Bring offers!
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RARE OFFERING! PERFECT 1031 OPPORTUNITY. GREAT ADDITION TO INVESTOR'S REAL ESTATE PORTFOLIO. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. DO NOT DISTURB OR APPROACH TENANTS. ALL SELLER DOCUMENTATION IS STRICTLY CONFIDENTIAL. PROPERTY SOLD IN AS-IS CONDITION.
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Full Offering Memorandum, CoStar Analytics & Underwriting Reports available to Buyer executing confidentiality agreement. Interested Prospects are asked to present Broker with signed / dated Letter of Interest and proof of funds (and acquisition debt prequalification, if any) prior to showings. Seller will prepare Purchase Sale Agreement (PSA). Seller (and Buyer) may be involved in a 1031 Exchange requiring other party’s cooperation.
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**NOTE: There is no Buyside commission. Call Listing Broker with questions. Escrow with Chicago Title - Denise Johnson.
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RARE OFFERING! PERFECT 1031 OPPORTUNITY. GREAT ADDITION TO INVESTOR'S REAL ESTATE PORTFOLIO. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. DO NOT DISTURB OR APPROACH TENANTS. ALL SELLER DOCUMENTATION IS STRICTLY CONFIDENTIAL. PROPERTY SOLD IN AS-IS CONDITION.
---- -
Full Offering Memorandum, CoStar Analytics & Underwriting Reports available to Buyer executing confidentiality agreement. Interested Prospects are asked to present Broker with signed / dated Letter of Interest and proof of funds (and acquisition debt prequalification, if any) prior to showings. Seller will prepare Purchase Sale Agreement (PSA). Seller (and Buyer) may be involved in a 1031 Exchange requiring other party’s cooperation.
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**NOTE: There is no Buyside commission. Call Listing Broker with questions. Escrow with Chicago Title - Denise Johnson.
Property Details
- Class
- C
- Year Built
- 1959
- Stories
- 2
- Lot Size (sq. ft)
- 10,019 SF
- Units
- 7
Highlights
- Well located property in heart of Pacific Grove.
- Private neighborhood.
- Plenty of shopping nearby.
- Close to Cannery Row & Pebble Beach.
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