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 $1600+ per month. 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. Tenants can easily walk to downtown Salinas with its restaurants, nightlife, shopping, Taylor Farms, and services including banks. The property is a short walk to many Monterey County offices and the City of Salinas. South Salinas schools.Opportunity Zone Link:
|LAST UPDATED||3/13/2019||YEAR BUILT||1985|
|PROPERTY TYPE(S)||Commercial Multi-Residential (5+ units)|
|ADDITIONAL LISTING INFO||Not Applicable|
|CONSTRUCTION TYPE||Wood Frame|
|FLOORING||Laminate, Tile, Vinyl / Linoleum|
|GARAGEPARKINGSPACES||Carport, Off-Street Parking, On Street|
|HEATING||Gas, Wall Furnace|
|KITCHEN||Countertop - Formica, Oven Range - Electric, Refrigerator|
|LISTING CLASS||Commercial Multi-Residential (5+ units)|
|LISTING SERVICE||Full Service|
|METERS||Master Water, Separate Electric, Separate Gas|
|NUMBER OF BUILDINGS||1|
|SEWER SEPTIC||Sewer Connected|
|SUBCLASS||Five or More Units|
|UTILITIES||Individual Electric Meters, Individual Gas Meters|
|WATER||Private / Mutual|
|ZONING TEXT||R Medium Density|
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