The Chaney House in South Salinas is available for sale. This Victorian conversion offers two large upstairs studios, a downstairs studio, and a two downstairs one bedroom units. Unit One is a large one bedroom unit with hardwood floors, high ceilings and is rented for $1250/ Market rent is $1400+. Unit Two is a downstairs one bedroom unit with high ceilings, built-in drawers, and is rented for $1025/Market rent is $1350+. Unit Three is a downstairs studio rented for $950/Market rent is $1250+. Units Four and Five are upstairs studios with hardwood floors, large rooms, lots of closet space, and large bathrooms. The upstairs studios rent for $975 and $950/Market rents for studios is $1250+. There is an on-site laundry room. Current rent is $5150 per month. Annual income is $61,800 without laundry. Potential market rental income is $6500 per month /$7800 annual income without laundry. The unit interiors do not photograph well - the units are neat inside and in good condition.
Albers Real Estate Investment Company
|Price Reduced (from $995,000)||$925,000||$70,000 (7.04%)|
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