751 Spencer ST

Estimated Monthly Payment: $6,817/mo 751 Spencer ST, Monterey, CA 93940 MLS# ML81708735 Multi Family Listing Status: Active
3,149 sqft
163
17
0
0

REMARKS:

Monterey 4-plex with ocean views in New Monterey. The complex features two one bedroom / one bathroom units and two 2 bedroom / one bathroom units. The two bedroom upstairs units have ocean views, with Unit # 2 having very good ocean views. Potential rents for these units are $2000+ per month. Unit # 1 is downstairs one bedroom and it has some ocean views. Unit # 3 is a downstairs one bedroom / one bathroom unit. Potential rent for the one bedroom units is $1500+ per month. Roof is about 10 years old. The complex is 4 blocks to Lighthouse Avenue restaurants, services, gyms, and nightlife. Cannery Row and the Monterey Bay Recreation Trail is 3 more blocks. Property is close to employment centers, Trader Joe's, Pebble Beach, DLI, MIIS, and NPS. Rents are being increased January 1, 2019 to $1450 for # 1, $1350 for # 2, & $1650 for # 4. Monthly gross January 2019: $6450/$77,400 annual

OVERVIEW:

Multi Family
Active
New Monterey
1973
3149
5817
0.13
Concrete Slab
Balcony / Patio, Deck
Composition
Carport , Off-Street Parking, On Street
Gas, Wall Furnace
None
Individual Water Meter, Private / Mutual, Water On Site
Sewer Connected
Master Electric, Master Gas, Master Water, Separate Electric, Separate Gas
Grade - Sloped Up
City Lights, Mountains, Ocean

FEATURES:

Balcony / Patio, Deck
Carpet, Tile, Vinyl / Linoleum

ROOM INFO:

Storage

ROOM SIZES:

Additional Rooms
Storage
Kitchen
Oven Range - Electric, Refrigerator
Laundry Room
Coin Operated, Washer / Dryer

SCHOOLS:

Monterey High
Walter Colton Middle School
Monterey Peninsula Unified

FINANCIAL:

$1,495,000

NEIGHBORHOOD & SCHOOL INFORMATION:

  Courtesy of Hap Albers, Albers Real Estate Investment Company

 

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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