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235 Soledad St, SALINAS, CA – $989,000

  • $989k Price
  • 3,829 Sqft
  • .15 Acres
  • $989k Price
  • 3,829 Sqft
  • .15 Acres

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235 Soledad St

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 $1725+ per month. GRM at $1600 rents is 10.24. Cap Rate at $1600 rents is 6.95%. 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. Units 2 & 3 have new bathroom floors. Three units have new bathtub/shower enclosures. Tenants can easily walk to downtown Salinas with its restaurants, nightlife, shopping, Taylor Farms, and services. The property is a short walk to many Monterey County offices and the City of Salinas. South Salinas schools.

Essential Information

  • MLS® #ML81742326
  • Price$989,000
  • Square Footage3,829
  • Acres0.15
  • Year Built1985
  • TypeMulti-Residential
  • Sub-TypeFive or More Units
  • StatusContingent

Community Information

  • Address235 Soledad St
  • AreaSouth Salinas - E & F
  • CitySALINAS
  • CountyMonterey
  • StateCA
  • Zip Code93901

Amenities

  • Parking Spaces2

Utilities

Individual Electric Meters, Individual Gas Meters

Interior

  • HeatingGas Heat, Wall Furnace
  • CoolingNo Cooling

Exterior

  • RoofComposition Roof
  • ConstructionWood Frame
  • FoundationConcrete Slab

Additional Information

  • ZoningR Medium Density

Listing Details

  • AgentHap Albers

Office

Albers Real Estate Investment Company

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Price Change History for 235 Soledad St, SALINAS, CA (MLS® #ML81742326)

Date Details Price Change
Contingent (from Active)

© 2019 MLSListings Inc. All rights reserved. Based on information from MLSListings MLS as of July 22nd, 2019 at 2:40pm CDT.
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.
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