Salinas, CA 93905

$7,900,000
28,500
SqFt
List Price
$7,900,000
Closing Date
Apr 28, 2023
MLS#
ML81913962
Status
CONTINGENT
Property Type
com
Sqft. of Residence
28,500
Lot Size
51,646
Listing Area
Es-68
Year Built
1978

Property Description

35 units in Salinas. The unit mix is 18 two-bedroom / one-bedroom townhouse units, 16 one-bedroom units, and one three-bedroom unit, which is used as the onsite managers unit. The complex has five buildings. The property management company has invested in capital improvements, repairs, upgrades, exterior painting, tree trimming, and many other improvements over the last several years. Rents were increased in the fall of 2022 and can be increased again in the fall of 2023. The GRM is 10.25.

Additional Information

Acres
1.19
Age
44
Cooling System
Other
Floor Covering
Carpet, Laminate, Tile, Vinyl / Linoleum
Foundation
Concrete Perimeter, Concrete Perimeter and Slab, Concrete Slab
Garage Parking
Carport, On Street
Heating System
Electric
Laundry Facilities
Coin Operated
Living Area
28,500
Lot Size
51,646
Neighborhood
Es-68
Other Utilities
Individual Electric Meters
Roof
Flat / Low Pitch
Sewer
Sewer Connected
Special Features
None
Zoning
R-H 2.1

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Hap Albers from Albers Real Estate Investment Company. 831-372-1922

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