$2,400,000
$2,545,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
5 Baths
4,000 SqFt
SOLD DATE : 07/13/2022
Key Details
Sold Price $2,400,000
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $600
MLS Listing ID ML81886958
Sold Date 07/13/22
Bedrooms 4
Full Baths 5
Year Built 1949
Lot Size 0.517 Acres
Property Description
First time on market in over 30 years! Whether you are on the hunt for a great investment or simply want to make the most out of your next purchase, this exceptional opportunity in Castroville is an offer you do not want to miss! This is an income-generating, multi-residence 10-unit property on a large corner lot that was beautifully updated inside and out by a licensed contractor with all necessary permits. The 10 identical 1-bedroom, 1-bath units are presented at attractive market rates with strong rental history and excellent cash flow. All units have individual water heaters and are separately metered with tenants paying their own PG&E and garbage. Enviably set in a prime location near Monterey, Watsonville, and Salinas, this rare gem places you near convenient amenities such as Hartnell College, a nearby park, and easy access to HWY 1 and 156 plus a broad population of potential renters. Take advantage of this amazing chance to experience the limitless possibilities awaiting you!
Location
State CA
County Monterey
Area Castroville
Zoning CP
Rooms
Kitchen Cooktop - Gas, Countertop - Granite, Microwave, Oven - Gas, Oven Range - Gas, Refrigerator
Interior
Heating Wall Furnace
Cooling Ceiling Fan
Flooring Laminate, Tile
Laundry None
Exterior
Exterior Feature Fenced, Low Maintenance, Storage Shed / Structure
Garage Common Parking Area, On Street, Uncovered Parking
Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities
View Park, Other
Roof Type Composition
Building
Foundation Concrete Slab
Sewer Sewer Connected
Water Public
Others
Restrictions None
Tax ID 030-095-003-000
Security Features Video / Audio System
Special Listing Condition Not Applicable
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Bought with Raeid Farhat • RF Real Estate