MLS#ML82047880
STATUSActive
PROPERTY TYPECommercial - Business
SCHOOLOther
Listing Courtesy of:
Albers Real Estate Investment Company
Agency Phone: 831-372-1922
Associate Name: Hap Albers
Listing Shown by:
Farrell Smyth, Inc.
Agency Phone: 805-543-2172
Property Description
Rarely available Salinas 16-unit apartment complex. 9.64 GRM & a 6.31% cap rate with new Proposition 13 taxes. Unit mix is all 2-bed / 1 bath. Lots of positives: 1983 construction, most of the wood siding replaced in the last 3 years, deck replacement & repairs last 4 years, SB721 clearance, exterior repainted, complex-owned laundry equipment, and Jeld-Wen vinyl windows. Interiors have remodeled the kitchens, installed new lighting, fans, and flooring, and installed new bathroom fixtures. Most units have a private deck, enclosed patio, some of which are quite spacious. There are two offices - one for management and one for ownership. The North Salinas location is close to shopping, amenities, Costco, Target, Safeway, banks, and many restaurants. Easy access to Highway 101 and may employment centers.
Property Features
Property Type: Commercial - Business
Cooling: None
Heating: Wall Furnace
Lot Size: 0.46 Acres
Roof Type: Composition
Taxes: $51,331
Year Built: 1983
Feature Descriptions
Days on Site: 4
Parcel#: 253061027000
Local Schools
School District: Other
Listed By / Shown By
Listed By
Agency Name: Albers Real Estate Investment Company
Agent Name: Hap Albers
Agency Phone: 831-372-1922
Shown By
Agency Title: Farrell Smyth, Inc.
Agency Phone: 805-543-2172
| MLS# ML82047880
This commercial property located at , Salinas, CA 93906 is currently listed for sale with an asking price of $4,199,000. is located within the Other school district. Search Salinas real estate on www.farrellsmyth.com today.