$3,400,000
$3,400,000
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8 Beds
8,064 SqFt
SOLD DATE : 04/19/2024
Key Details
Sold Price $3,400,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,064 sqft
Price per Sqft $421
Sold Date 04/19/24
Bedrooms 8
Year Built 1949
Lot Size 0.340 Acres
Property Description
Welcome to Cypress Townhouses, strategically located just off Del Monte as you enter the City of Marina, heading north on Hwy One. This thoughtfully designed property offers an ideal fusion of comfort and convenience, situated a short distance from shopping amenities and the pristine Marina Beach Dunes. Comprising eight units, six boasting two bedrooms and one and a half baths, and two featuring three bedrooms and one and a half baths, Cypress Townhouses is a testament to practical living. Additional features include carports, coin-operated laundry facilities, and four off-street parking spaces for added convenience. Each unit at Cypress Townhouses offers a private patio, built-in appliances, and spacious bedrooms, creating a welcoming and functional living space. The entire property has undergone a recent full remodel, with newer paint inside and outside, ensuring a modern and well-presented appearance throughout. A noteworthy opportunity lies in assuming a fixed-rate Fannie Mae Loan of $1.6 million at an attractive interest rate of 3.8%, making this property an appealing option for savvy investors. All eight units were meticulously refurbished during the same period, underscoring the commitment to quality and ongoing maintenance.
Location
State CA
County Monterey
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