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    412 Ramona Avenue

    Monterey, CA 93940
    • $1,225,000
    • STATUS: Closed
    • ON SITE: 28 days
    • ID#: ML81849724
    Sold - 07/23/2021
    $1,225,000
    SOLD - 07/23/2021
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1980
    County:

    School Ratings & Info

    Description

    Newly renovated triplex in Monterey. Front unit is a free standing 2 bedroom cottage with private deck, recently painted with new carpet installed. Rear duplex features 2-1 bedroom remodeled units, with vaulted ceilings, underground reserved parking and lots of natural light. New roof installed on front house and both buildings have been professionally painted. There is a stairwell leading up to the back units and the deck landing has been refinished as well. Walking distance to downtown, near the Monterey bike trail only minutes away from Naval Post Graduate School, shopping and dining. Great home and income or investment property located in a very strong rental area. Single ownership since the property was built in 1980! Lots of love and care have been invested in this property. Projected market value rents at $2,200 for unit A & 1,950 for B & C.

    Sold by Gin Weathers of Compass.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-24T00:28:37.57. 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 Twiss Realty. Licensed in the State of California, USA.
    www.twissrealty.com/homes/118750157
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    412 Ramona Avenue Monterey, CA 93940

    • Price: $1,295,000
    • Status: Closed
    • ID#: ML81849724
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1980
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Monterey
    Area:
    699 - Not Defined
    Property Description
    Newly renovated triplex in Monterey. Front unit is a free standing 2 bedroom cottage with private deck, recently painted with new carpet installed. Rear duplex features 2-1 bedroom remodeled units, with vaulted ceilings, underground reserved parking and lots of natural light. New roof installed on front house and both buildings have been professionally painted. There is a stairwell leading up to the back units and the deck landing has been refinished as well. Walking distance to downtown, near the Monterey bike trail only minutes away from Naval Post Graduate School, shopping and dining. Great home and income or investment property located in a very strong rental area. Single ownership since the property was built in 1980! Lots of love and care have been invested in this property. Projected market value rents at $2,200 for unit A & 1,950 for B & C.
    Exterior Features

    Carport Spaces 0 Construction Materials AlcanAluminum SidingAsbestosBlown-In InsulationClapboardCement SidingDrywallDucts Professionally Air-SealedFiber CementFlagstoneFiberglass SidingGlassHardboardHardiplank TypeIcfs (Insulated Concrete Forms)MasoniteNes Insulation PackageOtherPlasterRadiant BarrierRedwood Siding Foundation Details Concrete PerimeterSlab Lot Features Back Yard Parking Features AssignedCovered Parking Total 2 Roof Composition

    Interior Features

    Accessibility Features None Cooling None Cooling YN No Heating Electric Heating YN Yes

    Property Features

    Buyer Financing Cash Cap Rate 3.69 Garage YN Yes Gross Scheduled Income 61200 Insurance Expense 0 Listing Agreement Exclusive Right To Sell Listing Service Full Service Maintenance Expense 1596 Special Listing Conditions Standard Trash Expense 0 Zoning 2C

    Listing provided courtesy of Andrew Phillips of Phillips Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-24T00:28:37.57. 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 Twiss Realty. Licensed in the State of California, USA.
     
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