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:
Listing courtesy of Hap Albers from Albers Real Estate Investment Company
Based on information from MLSListings MLS as of All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright 2019 MLSListings Inc. All rights reserved