5 unit apartment complex consisting of individual living structures with a commercial building out front, currently a salon. Great opportunity for purchase and hold and wait for water for redevelopment. Two units were recently renovated, new projected annual rent is over $116,000. Property is located in the heart of Seaside's downtown area just across from the Post Office and less than a block from Fremont St. Three of the five residential tenants are month to month. A buyer should check with the City of Seaside to see what potential redevelopment options once the City is allocated water. Please drive by but do not pull into the parking lot. Parking is for tenants only. Do not disturb tenants. Also listed as ML81956678
Property Type :
Residential Income
County :
Monterey
Style :
Residential Income
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ByOwner last updated this listing 05/05/2024 @ 22:15
MLS: ML81956688
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
