$6,977,000
$7,400,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
1.22 Acres Lot
SOLD DATE : 02/24/2023
Key Details
Sold Price $6,977,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81913969
Sold Date 02/24/23
HOA Y/N No
Year Built 1978
Annual Tax Amount $90,854
Lot Size 1.222 Acres
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.
Location
State CA
County Monterey
Area 699 - Not Defined
Zoning R H 2.1
Interior
Heating Electric
Cooling None
Fireplace No
Exterior
Carport Spaces 36
Roof Type Flat
Total Parking Spaces 8
Schools
Elementary Schools Other
High Schools Other
School District Other
Others
Tax ID 004321044000
Financing Conventional
Special Listing Condition Standard
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Bought with Hap Albers Albers Real Estate Investment Company
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