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1186 3rd Street, Monterey, CA 93940

4 Bed Multi-Family Home For Sale

1186 3rd Street, Monterey, CA 93940 House For Sale - MLS #52136436
$865,000
4
Multi-Family
2 Family
This listing is courtesy of Sean Poudrier from Coldwell Banker Residential Brokerage.

Property Description for 1186 3rd Street, Monterey, CA 93940

HUGE opportunity for investors with a 5.0% CAP Rate! Newly remodeled (contemporary/modern design) duplex close to the beach, Naval Post Graduate School, near wharf and Dennis the Menace Park - located in the Monterey Coastal Sunbelt neighborhood. Legal detached duplex. This property consists of a 3BD/1BA Main House and a detached 1BD/1BA guest house. This is a great opportunity to live in one unit and rent out the other or use as a vacation and or second home while still collecting rent from one of the units. Enjoy the incredible Monterey Peninsula.

Interior Details

Exterior Details

0.09 acres
4,000 sq. ft.

Other Details

52136436
1920
$4,700
Monterey

Units Description

Unit #1
Living Area: 830 sq. ft.      Bedrooms: 3      Rent: $2,850     

Unit #2
Living Area: 440 sq. ft.      Bedrooms: 1      Rent: $1,850     

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(20%)

Monthly Mortgage Payments

$3,929
$5,472

Town Description

The City of Monterey in Monterey County is located on Monterey Bay along the Pacific coast in Central California. Monterey lies at an elevation of 26 feet (8 m) above sea level.[1] As of 2005, the...

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