Investment Property: Q's Landing Apartment Homes, Castroville
| Sold | |
|---|---|
| Asking Price: | $2,300,000 |
| Project Description: | Investment Property |
| APN: | 030-161-014 |
| Property Type: | 14 Unit Apartment Home Complex |
| Address: | 10600/10640/10660 McDougall Street, Castroville |
| Location: | SW Cnr Speegle and McDougall Streets, Castroville Unincorporated Area of Monterey County |
| Building Area: | 12,828+/- Square Feet |
| Land Area: | 30,719+/- Square Feet |
| Zoning: | High Density Residential (HDR-Z) |
| Project Breakdown: | 10 Market Rate Units |
| 2 Affordable (Medium Income) Earning 80% of Median Income | |
| 2 Affordable (Low Income) Earning 50% of Median Income | |
| Disclosure: | Broker is Owner/Partner of Property |
| Comments: | Desirable area of downtown Castroville, opposite Castroville Plaza Library Project (under construction) Short walk to Castroville Center Shopping Center (Drug/Market) Construction Completed December 2002 All Units are Two Bedroom Units, Twelve Units have attached single car garages
Financial Projections:
31 Parking Spaces (including 12 garages) Units are separately metered for gas, electric and cable Owner pays for water, sewer, trash disposal, fire alarm service and common area PG&E Inclusionary Housing: 4 Units under Agreement Imposing Restrictions on Real Propety For Inclusionary Rental Housing, recorded March 21, 2002 Home Inspection by Hubbard Home Inspections available upon request. POTENTIAL CONDO CONVERSION |
