LOWEST GRM 10.42 on current rents ($93,600) for any complex 2+ units in Monterey, Santa Clara, or San Benito Counties. There is potential rental upside in many units. Multi-family investment opportunity with a total of 7 units. The complex features a two bedroom / one bathroom cottage with a fenced yard. Cottage rents for $1250. The rear building features a studio, 4 one bedroom units and a large one bedroom unit located above the garage and laundry room. Studio rents for $750. One bedroom units rent for $950. and the large above-garage unit rents for $2000. Units are heated with gas wall furnaces and electric heat. Both buildings had new roof installed in 2017 and recently painted.
Individual Electric Meters, Individual Gas Meters
Gas Heat, Wall Furnace, Electric Heat
Albers Real Estate Investment Company
|Contingent (from Active)||–||–|
|Price Reduced (from $1,100,000)||$999,000||$101,000 (9.18%)|
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