$3,400,000
Accepting Backup Offers

571579 Polk Street

Monterey, CA 93940
0.30 acres | #ML81983791
Listing OfficePacific Street Real Estate, Inc.
Browse 8 photos
Type:Purchase
Structure:Commercial
Zone:Commercial

Description

Fantastic, highly desirable location, 1/2 block from downtown Monterey. A short stroll to stores, post office, Middlebury Institute, and the beach! All but one studio apartment is separately metered for gas and electric. Parking for up to 6 vehicles in the rear, and on-site laundry facility for tenant convenience. Monterey is a strong rental market with a dearth of affordable housing. The property is zoned commercial. 15 apartments with corresponding water credits, nestled among the beautiful, historic adobes.

  • Property Details
      • Utility FeaturesNaturalGasAvailable
      • Date ClosedJanuary 07, 2025
      • Property SubtypeCommercialSale
      • Original List Price$3,400,000
      • MLS #ML81983791
      • MLS #ML81983791
      • Property TypePurchase
      • CountyMonterey
      • Taxes Annual$35,000
      • Cost3400000
      • Utility SourcePublic
      • Acres0.303
      • School DistrictOther
      • Year Built1926

Location

Gary ElminoufiReal Estate Group
$
years

Down Payment

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%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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