This property is located in an Opportunity Zone. Please research Opportunity Zones. This property features 5-two bedroom units in South Salinas near Old Town. Rents are low ($1010 average). Market rents are $1400 to $1725+ per month. GRM at $1600 rents is 10.24. Cap Rate at $1600 rents is 6.95%. There is a lot of potential rent upside. The complex had a fire in 1999 or 2000 and was extensively remodeled with new roof, vinyl windows, plumbing, electrical, and interior improvements. The large units show well with laminate flooring. Units 2 & 3 have new bathroom floors. Three units have new bathtub/shower enclosures. Tenants can easily walk to downtown Salinas with its restaurants, nightlife, shopping, Taylor Farms, and services. The property is a short walk to many Monterey County offices and the City of Salinas. South Salinas schools.
Countertop - Formica, Oven Range - Electric, Refrigerator
Laminate, Tile, Vinyl / Linoleum
Heating and Cooling
Gas, Wall Furnace
Carport, Off-Street Parking, On Street
Courtesy of Hap Albers, Albers Real Estate Investment Company
Copyright MLSListings Inc 2019. MLSListings, Inc. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListings MLS system. Real estate listings held by brokerage firms other than this are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. Listing information is deemed reliable, but not guaranteed.
This content last updated on 5/22/2019 7:52 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Home Value History for 235 Soledad ST Salinas, CA 93901