277 Van Buren ST, Monterey, CA 93940

$1,395,000
5
BD
3
BA
2,100
SqFt
List Price
$1,395,000
Price Change
▼ $30,000 1712826503
MLS#
ML81955742
Status
ACTIVE
Property Type
res
Bedrooms
5
Total Bathrooms
3
Full Bathrooms
3
Sqft. of Residence
2,100
Lot Size
4,000
Listing Area
Old Town Monterey
Year Built
1944

Property Description

Monterey triplex near the Pacific Ocean, downtown Monterey, Fisherman's Wharf, Cannery Row, and the Middlebury Institute of International Studies (MIIS). Top floor unit is perfect for an owners unit or second home. This unit has two bedrooms / one bathroom and ocean views. There are two rooms accessed from the kitchen - the first room can function as a third bedroom, home office, storage, exercise room, or other uses. Off kitchen rooms potential can be combined into a third bedroom with ocean views. The second room has a window with an wide ocean view, Del Monte Beach white water surf, and can be used as a home office or other uses. The bottom two units are both one bedroom / one bathroom units with potential $4,000+ monthly rent. This $4000 rent, at 8% interest, can pay for $500,000 of an amortized loan payment.

Additional Information

Acres
0.09
Age
80
Cooling System
None
Energy Features
None
Family Room
Kitchen / Family Room Combo
Fence
Fenced
Floor Covering
Laminate, Carpet, Hardwood
Foundation
Concrete Perimeter
Garage Parking
Tandem Parking
Heating System
Gas, Electric
Laundry Facilities
Inside
Living Area
2,100
Lot Description
Grade - Mostly Level
Lot Size
4,000
Neighborhood
Old Town Monterey
Other Rooms
Other
Other Utilities
Individual Electric Meters, Individual Gas Meters, Public Utilities
Roof
Composition
Sewer
Sewer Connected
Special Features
None
Style
Traditional
View
Bay View, View of Mountains, Neighborhood
Zoning
R-3-6

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Hap Albers from Albers Real Estate Investment Company. 831-372-1922

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