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222 cypress avenue

marina CA

8-unit investment property

Listed for $3.400.000

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.

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