75 N Hebbron Ave - Apartments FOR SALE
Salinas, CA 93905 |
75 N Hebbron Ave
Salinas, CA 93905
HIGHLIGHTS
- Investment Opportunity with significant upside potential - 24.5% rental upside
- Exterior has undergone a significant renovation
- Perennially tight housing market with limited market-rate developments in the pipeline - ONLY 82 UNITS BUILT SINCE 2020
- Amenities include: on-site laundry facility, storage, on-site tuck-under parking and uncovered parking
- Assumable financing at 3.58% until 2027
- Floorplans are generously sized: (17) large 2 bed/1.5 and (1) studio
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
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% LEASED
-
BUILDING DETAILS
PROPERTY NAME
Magnolia Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
14328
STORIES
3
YEAR BUILT
1979
PARKING SPACES
34
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
004-074-048-000
