618 Forest Ave Active Save Request In-Person Tour Request Virtual Tour
Pacific Grove,CA 93950
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 01-41105045
Year Built 1972
Lot Size 5,200 Sqft
Property Sub-Type Quadruplex
Property Description
Discover this exceptional 4-unit multifamily building offering a lucrative income potential of over $12,000 per month. Each unit features a spacious 2-bedroom, 1.5-bathroom townhouse-style layout, perfect for rental income or owner-occupied living with the advantage of rental income covering expenses. Enjoy the convenience of separate electrical and gas meters for each unit, providing flexibility and ease of management. The property includes 4 covered carports, ensuring ample parking for residents. Additionally, benefit from a ready-to-pull 788 sqft ADU plan, adding significant value and expanding rental opportunities. Located in a prime area with a strong renter pool, this property is ideal for long-term rentals or exploring Airbnb options. Situated in a great school district and within walking distance to amenities, including shops, restaurants, parks, and public transportation, this multifamily investment offers both convenience and potential for strong rental demand. Don't miss out on this rare opportunity to own a multifamily investment in a sought-after location. Schedule a showing today and unlock the potential of this lucrative investment! Vacant unit open house Sat & Sun 1-4pm.
Location
State CA
County Monterey
Interior
Heating Forced Air
Flooring Carpet,Tile,Vinyl
Laundry Washer Included
Exterior
Parking Features Carport
Building
Lot Description Level with Street,Back Yard
Sewer Public Sewer