Description
Large Mediterranean-style multi-used property in the Monte Regio Peter's Gate area of Monterey with seven bedrooms and ensuite bathrooms with individual thermostats. This magnificent home has three private entrances and three courtyards. The possibilities are endless private residences, for large/multi-generation and possible to create as two accessory dwelling units also has two separate wings. It is currently being utilized as a Rehabilitation Center permit by City of Monterey. This is R-1 and it has a Lease till 2025. Current rent per month $8000.00, in Dec, 2023 rent per month $10,000.00 tenant pays all utilities.
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7BEDS
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0.28ACRES
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7BATHS
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11/2 BATHS
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3,074SQFT
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$745$/SQFT
Description
Large Mediterranean-style multi-used property in the Monte Regio Peter's Gate area of Monterey with seven bedrooms and ensuite bathrooms with individual thermostats. This magnificent home has three private entrances and three courtyards. The possibilities are endless private residences, for large/multi-generation and possible to create as two accessory dwelling units also has two separate wings. It is currently being utilized as a Rehabilitation Center permit by City of Monterey. This is R-1 and it has a Lease till 2025. Current rent per month $8000.00, in Dec, 2023 rent per month $10,000.00 tenant pays all utilities.
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Listing courtesy of Young Seon Myong of David Lyng Real Estate: .