



Property Attributes
- MLS#ML81741971
- TypeContingent
- CountyMONTEREY
- CitySalinas
- AreaES-68
- Zip93905
- Style
- Price$ 2,400,000
- Bedrooms4
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage9720
- Lot Size0.4 Acres
Listing Provided Courtesy Of:
Jesse Hernandez with Century 21 Showcase Realtors.
Data Source:
MLS Listings
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.
Price History | |
---|---|
2/19/2020 | Listed $2,400,000 |
General Features
# of Buildings | 2 |
---|---|
Accessibility | Other |
Age | 54 |
City | SALINAS |
City Limits (y/n) | Yes |
Cooling | None |
County | Monterey |
Heating | Gas |
Incorporated Y/n | Yes |
Listing Agent State License | 01736274 |
MLS Area | ES-68 |
Parking Features | Carport |
Property SubType | Five or More Units |
Property Type | Commercial Multi-Residential (5+ units) |
Restrictions | None |
Roof | Composition |
Security Features | Fire Alarm |
Special Listing Conditions | Not Applicable |
Status | Contingent |
Utilities | Natural Gas |
Water | Public |
Year Built | 1965 |
Zoning Text | cr |
Interior Features
Living Sqft | 9720 |
---|---|
Unit 1 Rent | 933 |
Unit 2 Number Of Bedrooms | 1 |
Exterior Features
Building Area Total | 9720 |
---|---|
Foundation Details | Concrete Perimeter and Slab |
Lot Acres | 0.4046 |
Lot Size Area | 17625.00 |
Lot Size Units | Square Feet |
Maximum Lot Size | 17625.00 |
Meters | Separate Electric, Separate Gas, Separate Water |
Parking Spaces | 5 |
Sewer/Septic | Sewer - Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool