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19 Year Old 5 Unit Apartment Complex
in Prime Downtown Monterey
$899,000
Newer (19 years old) apartment complex in prime downtown Monterey area close to MIIS and DLI on 50x150 lot on Larkin, off Madison.
- Two Buildings:2 upstairs units, each over 3 carports, in front, and in back, 2 units downstairs and 1 unit upstairs.
- Tenant pays own gas, electric and water.
- The 4 1-bedroom units have a fireplace
- Studio a gas-log fireplace.
- Six carports and 6 storage lockers
- Coin-op laundry (owned).
- All bathrooms and kitchens are tiled, with all floors in Unit 3 tiled.
- Units 1, 2 and 4 have Pergo floors.
- Stainless steel appliances.
- Trees in front shield from the road.
- A flower garden circles the units in back.
- Units 3 and 4 have a sliding door to a back garden with a large deck.
- Upstairs units have balconies.
- Cap Rate: 5.15%
- GRM: 13.75
Brochure
Plat Map
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