Salinas, CA 93905

$7,400,000
4,636
SqFt
List Price
$7,400,000
Closing Date
Apr 28, 2023
MLS#
ML81913969
Status
CONTINGENT
Property Type
com
Sqft. of Residence
4,636
Lot Size
53,233
Listing Area
Es-68
Year Built
1978

Property Description

32 units in Salinas. The unit mix is 19 two-bedroom / 1-bathroom townhouse units, 12 one-bedroom / one-bathroom units, and a three-bedroom / one-bathroom unit, which is used for the onsite property managers unit. The complex has six buildings The property management company has invested in capital improvements, repairs, upgrades, exterior painting, tree trimming, and many other improvements in the last several years. Rents were increased in the fall of 2022 and can be increased in the fall of 2023. The GRM is 10.55.

Additional Information

Acres
1.22
Age
44
Amenities
None
Cooling System
None
Floor Covering
Carpet, Laminate, Tile, Vinyl / Linoleum
Foundation
Concrete Perimeter and Slab, Concrete Slab
Garage Parking
Assigned Spaces, Carport, Off-Street Parking
Heating System
Electric
Laundry Facilities
Coin Operated
Living Area
4,636
Lot Size
53,233
Neighborhood
Es-68
Other Rooms
Laundry Room
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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