RARE FOURPLEX FOR SALE - just across scenic Highway 1 from the Pacific Ocean lies an incredible investment opportunity!
* A mere 3 blocks from Montara State Beach, a wide, mile-long stretch of soft sand and great surf. Nearby Montara Mountain offers gorgeous views of the ocean or bay from numerous hiking and biking trails. Easy commute to SF or Peninsula. Come see what the nature-loving Coastsider life has to offer the savvy investor!
* Each of the 4 units has approximately 700 sq ft with 2 bedrooms and 1 bathroom, carport parking, storage area and use of onsite laundry room. Top-floor unit #4 has ocean and mountain views. It was recently vacated and we purposely kept it off the market to accommodate showings. Vacant & staged, on Supra key, go direct. Unit #1 on the lower level is occupied by the property managers and is also available to show by appointment.
* All leases month to month - future buyer has an excellent opportunity to set their own rates and terms. Projected rents at full occupancy are $123,000. Preventative maintenance has kept expenses low and the building in good condition. Estimated cap rate 5.29%.
* Disclosures available at https://app.disclosures.io/link/1341-Main-Street-nld3p5rs
* Please advise agent if writing, kindly use CAR contract and allow 48 hours for response due to sellers' travels. Please include proof of funds, pre-approval letter if financing, and signed disclosures cover page. Thank you.
