Hap Albers - Commercial Real Estate Showcase

Hap Albers Property Listings
Albers Real Estate
2600 Garden Rd
Suite 340
Monterey, CA 93940

235 Soledad Street

Salinas, CA 93901-3596 - Downtown Salinas MF Submarket

Property Type:Multi-Family Number of Units:5 Status:Existing Year Built:1985
Stories:2 Building Size:3,829 SF Land Area:.15 AC (6,499 SF)
For Sale Price:$949,000 Price/Unit:$189,800.00 Cap Rate:3.23 % GRM:-

Parking:1.67 Parking Spaces / 1,000 SF

Sale Notes:
5 two bedroom units in South Salinas near Old Town with significant potential rental upside. Current rents average $935. Market rents are estimated at $1400+. Market cap rate is 6.14%. Complex has 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. Rents are low and there is a lot of potential upside. South Salinas schools.

Albers Real Estate
Hap Albers
(408) 893-6002

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