109 San Juan Grade Rd - Apartments FOR SALE


Salinas, CA 93906- Greater Salinas
$3,690,000 USD
408-888-9594
109 San Juan Grade Rd, Salinas, CA for Sale
$3,690,000 USD
Apartments - FOR SALE
1/9
null | 5.82% Cap Rate

109 San Juan Grade Rd
Salinas, CA 93906
Greater Salinas


HIGHLIGHTS

  • All Two Bedroom Townhome Units: Desirable unit mix consisting entirely of two bedroom, one and a half bathroom townhome style units
  • Strong In Place Income with Upside: The property offers solid current cash flow with meaningful rental upside through continued rent growth
  • Location Supported by Agricultural Employment: The market benefits from a stable employment base driven by major agricultural producers

OVERVIEW

Reviewing Offer as Received - Contact Agent for Marketing Package 109 San Juan Grade Road presents an attractive multifamily investment opportunity in Salinas, California. The property features a highly desirable unit mix consisting entirely of two bedroom, one and a half bathroom townhome style units, a layout that consistently attracts long term tenants and supports strong rental demand. The asset offers strong in place income with significant rental upside, providing investors the opportunity to increase cash flow through continued rent growth and operational improvements. Located in a well established Salinas neighborhood, the property benefits from the city’s diverse and stable employment base driven largely by the agricultural industry, which serves as the economic backbone of the region. Often referred to as the “Salad Bowl of the World,” Salinas is home to major agricultural producers, food processing companies, and distribution centers that provide consistent employment and support year round housing demand. 109 San Juan Grade Road offers investors the opportunity to acquire a stable income producing asset with an exceptional unit mix and long term upside in one of Monterey County’s most active rental markets.

FOR SALE DETAILS

PRICE

$3,690,000 USD

PRICE/SF

$303 USD /SF

# OF UNITS

12

PRICE/UNIT

$307,500

CAP RATE

5.82%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ALL 2-Bedroom Townhomes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,679 SF

ZONING

R4

APN/PARCEL ID

253-111-013-000

ASK ABOUT THIS PROPERTY

Mitchell ZurichMarcus & MillichapMore Info
408-888-9594

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Mitchell ZurichMarcus & MillichapMore Info
408-888-9594

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.