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    536 Van Buren Street

    Monterey, CA 93940
    • $1,360,000
    • STATUS: Active Under Contract
    • ON SITE: 43 days
    • ID#: ML81806374
    Under Contract
    UPDATED: 32 min ago
    $1,360,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,710
      SQFT
    • $367
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1944
    County:

    School Ratings & Info

    Description

    Attention Investors Location, Location, Location This fourplex has been in the same family for 3 generations. First time on the market this sought after Downtown Monterey location is the ideal investment property. The main house consists of 3 bedrooms, 1 bath, large kitchen, fireplace and basement with laundry and a single car garage for the main home. 3 additional units each consist of 1 bed 1 bath each. There is also onsite coin operated laundry for the 3 units. This is an amazing opportunity for those looking for rental property in the highly sought after Old Town Monterey Area. Excellent rental history. Shown by appointment only. Please do not disturb tenants

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-29T09:28:00.937. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.

    www.legacy15.com/homes/109066587
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    536 Van Buren Street Monterey, CA 93940

    • Price: $1,360,000
    • Status: Active Under Contract
    • Updated: 32 min ago
    • ID#: ML81806374
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    3,710
    SQFT
    $367
    $/SQFT
    1944
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Monterey
    Area:
    699 - Not Defined
    Property Description
    Attention Investors Location, Location, Location This fourplex has been in the same family for 3 generations. First time on the market this sought after Downtown Monterey location is the ideal investment property. The main house consists of 3 bedrooms, 1 bath, large kitchen, fireplace and basement with laundry and a single car garage for the main home. 3 additional units each consist of 1 bed 1 bath each. There is also onsite coin operated laundry for the 3 units. This is an amazing opportunity for those looking for rental property in the highly sought after Old Town Monterey Area. Excellent rental history. Shown by appointment only. Please do not disturb tenants
    Exterior Features

    Carport Spaces 0.00 Foundation Details Concrete Perimeter Garage Spaces 1.00 Lot Features Back Yard Lot Size Source Assessor Lot Size Units Square Feet Parking Total 1.00 Roof CompositionTileRolled/Hot Mop

    Interior Features

    Average1 Bed Area 1572 Average2 Bed Area 718 Average3 Bed Area 500 Cooling None Cooling YN No Flooring Wood Heating Wall Furnace Heating YN Yes

    Property Features

    Cap Rate 3.59 Gross Multiplier 16.48 Gross Scheduled Income 82520.00 Insurance Expense 2902.00 Maintenance Expense 6000.00 Professional Management Expense 0.00 Special Listing Conditions Standard Trash Expense 872.00 Zoning Res Condominium

    Listing provided courtesy of Michelle Spataro-Russell of Shankle Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-29T09:28:00.937. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.

     
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