Salinas, CA 93905,Address not disclosed
Salinas, CA 93905,Address not disclosed
Salinas, CA 93905,Address not disclosed
$1,900,000
Est. payment /mo
$2,400,000
20.8%
Est.Price: ?

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0.4 Acres Lot
SOLD DATE : 08/05/2021

Key Details

Sold Price $1,900,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81741971

Sold Date 08/05/21

HOA Y/N No

Year Built 1965

Lot Size 0.405 Acres

Property Description

DO NOT DISTURB TENANTS. Multi Family investment opportunity for your RE portfolio, this 14 unit apartment building features twelve two-bedroom/one-bath units and (one) one-bedroom/one bath unit, plus a one studio apartment. Built in 1965 , the property offers building square footage of 9,720 square feet with lot size of 17,625 square feet. All units are Month to Month tenancy and are at below market rents. Located in a high rental demand area and near shopping and schools. Building features newer double pane windows, updated roof, fourteen covered parking and seven additional uncovered parking stalls spaces, this building is well maintained and has the upside potential you're looking for. 8% rent increase starting 1/1/2021. An additional 12 Units available in addition to these units for a total of 26 units.

Location

State CA

County Monterey

Area 699 - Not Defined

Zoning cr

Interior

Cooling None

Fireplace No

Exterior

Carport Spaces 14

Utilities Available Natural Gas Available

Roof Type Composition

Total Parking Spaces 5

Building

Water Public

Schools

Elementary Schools Other

High Schools Other

School District Other

Others

Tax ID 004221029000

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Jesse Hernandez • Century 21 Showcase Realtors
Bought with Ross Ramsey • Ross Ramsey, Broker

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Monique H. Ott-Beacham

+1(619) 757-3109

Broker | License ID: DRE #01448692

Broker License ID: DRE #01448692

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