Salinas, CA 93906,Address not disclosed
Salinas, CA 93906,Address not disclosed
$1,780,000
Est. payment /mo
$2,250,000
20.9%
Est.Price: ?

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0.3 Acres Lot
SOLD DATE : 08/05/2021

Key Details

Sold Price $1,780,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81742016

Sold Date 08/05/21

HOA Y/N No

Year Built 1971

Lot Size 0.304 Acres

Property Description

DO NOT DISTURB TENANTS. Multi Family investment opportunity for your RE portfolio, this 12 unit apartment building features eight two-bedroom/one-bath units and (four) one-bedroom/one bath units. Built in 1971 , the property offers building square footage of 8,520 square feet with lot size of 13,263 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 and freeway access. Building features newer double pane windows, updated roof, twelve covered parking and six additional uncovered parking spaces, this building is well maintained and has the upside potential you're looking for. Two additional properties available for a total of 26 rental units. 8% rent increase starting 1/1/2021.

Location

State CA

County Monterey

Area 699 - Not Defined

Zoning Multi

Interior

Cooling None

Fireplace No

Exterior

Carport Spaces 12

Roof Type Composition

Total Parking Spaces 6

Building

Water Public

Schools

School District Other

Others

Tax ID 003792003000

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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