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    835837 S. Main Street

    Salinas, CA 93901
    • $835,000
    • STATUS: Active Under Contract
    • ON SITE: 118 days
    • ID#: ML81804931
    Under Contract
    UPDATED: 42 min ago
    $835,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,208
      SQFT
    • $160
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1937
    County:

    School Ratings & Info

    Description

    South Salinas Mix-Use Building with 9 private parking spaces or seller shall provide parking lot agreement. Detached 2 car garage/storage. Existing 4 bedrooms 1 bath unit on the second floor and can be built out to four dwelling units per the City of Salinas. Existing leases in place. Annual Gross Income $62,400.00. Cap Rate at asking price $835,000. is 5.1%!!! Great central location with excellent store frontage. Downstairs could be three separate businesses with three front door entrances and the potential to build four apartments with a projected value at $1.6M ++ *** Seller motivated and found a replacement property.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-04T11:27:31.037. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.

    www.legacy15.com/homes/108687225
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    835837 S. Main Street Salinas, CA 93901

    • Price: $835,000
    • Status: Active Under Contract
    • Updated: 42 min ago
    • ID#: ML81804931
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    5,208
    SQFT
    $160
    $/SQFT
    1937
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Monterey
    Area:
    699 - Not Defined
    Property Description
    South Salinas Mix-Use Building with 9 private parking spaces or seller shall provide parking lot agreement. Detached 2 car garage/storage. Existing 4 bedrooms 1 bath unit on the second floor and can be built out to four dwelling units per the City of Salinas. Existing leases in place. Annual Gross Income $62,400.00. Cap Rate at asking price $835,000. is 5.1%!!! Great central location with excellent store frontage. Downstairs could be three separate businesses with three front door entrances and the potential to build four apartments with a projected value at $1.6M ++ *** Seller motivated and found a replacement property.
    Exterior Features

    Carport Spaces 0.00 Foundation Details Concrete Perimeter Garage Spaces 2.00 Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedDetached Carport Parking Total 2.00 Parking YN Yes Roof Rolled/Hot Mop View Mountain(S) View YN Yes

    Interior Features

    Appliances RefrigeratorGas Cooking Appliances YN Yes Average1 Bed Area 2600 Average2 Bed Area 2598 Cooling Central Air Cooling YN Yes Flooring Wood Interior Features High Ceilings Room Type Sound Studio

    Property Features

    Accessibility Features Parking Cap Rate 5.12 Gross Multiplier 13.38 Gross Scheduled Income 62400.00 Insurance Expense 600.00 Maintenance Expense 1000.00 Professional Management Expense 4992.00 Special Listing Conditions Standard Trash Expense 800.00 Zoning Mix-Use

    Listing provided courtesy of Debra Ann Demos of Exp Realty Of California Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-04T11:27:31.037. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.

     
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