235 Soledad ST, Salinas, CA 93901 | Listings

235 Soledad ST, Salinas, CA 93901

  • $989,000
  • 3,829 sq ft
  • Year Built: 1985
  • Multi-Family
  • Listing #81742326
  • Status: Contingent

Property Description

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.

Listing Details

Price$989,000
Year Built1985
Property TypeMulti-Family
Listing #81742326
StatusContingent
CountyMonterey
Listing TypeFor Sale

Interior Features

Square Feet3,829
KitchenCountertop - Formica, Oven Range - Electric, Refrigerator
FloorsLaminate, Tile, Vinyl / Linoleum
Heating and CoolingGas, Wall Furnace
LaundryHookups Only

Exterior Features

FoundationConcrete Slab
RoofComposition
GarageCarport, Off-Street Parking, On Street
Lot Size0.15 acres

Courtesy of Hap Albers, Albers Real Estate Investment Company

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This content last updated on 7/16/2019 11:47 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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