944-946 Walnut ST

Estimated Monthly Payment: $0/mo 944-946 Walnut ST, Pacific Grove, CA 93950 MLS# ML81697461 Multi Family Listing Status: Sold
1,624 sqft
183
17
0
0

REMARKS:

5.7% CAP RATE!!! - Highest Cap Rate currently available on the Monterey Peninsula by far! Others currently on the market in the area range from 2.3% - 4.0% CAP Rates. This property generates $74,000 in annual rental income. That breaks down to $6,190/mo in rental income. Opportunity in the near future for one unit to be an owner occupied and the other to be an income generator. Unit 944 - 2BD/1BA $3,195/month. Unit 946 - 2BD/1BA $2,995/month - This charming remodeled Duplex features a Contemporary/Modern design with ocean views. Amenities include close proximity to 17 Mile Dr, Asilomar Beach, and Spanish Bay; Pacific Grove schools are some of the best in the state - a bonus for tenants with families. Take advantage of all Pacific Grove has to offer.

OVERVIEW:

Multi Family
Sold
8/16/2018
Washington Park/Marino Pines
1959
1624
6400
0.15
Concrete Perimeter
Composition
Carport , Off-Street Parking
Wall Furnace
Ceiling Fan
Public
Sewer - Public, Sewer Connected
Separate Electric, Separate Gas, Separate Water
Ocean

SCHOOLS:

Pacific Grove Unified

NEIGHBORHOOD & SCHOOL INFORMATION:

  Courtesy of Sean Poudrier, Coldwell Banker Residential Brokerage

 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Earl Y. Meyers shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

 

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