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Listed by Sean Griffin • Agency One Real Estate
$ 725,000
Est. payment | /mo
1,607 SqFt
$ 725,000
Est. payment | /mo
1,607 SqFt
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,607 sqft
Price per Sqft $451
MLS Listing ID ML82039241
HOA Y/N No
Year Built 1951
Lot Size 5,674 Sqft
Property Sub-Type Triplex
Source Datashare MLSListings
Property Description
Great opportunity to own a fully rented triplex in east salinas! The front unit is a mostly remodeled 2 bedroom 1 bath unit with updated flooring, kitchen cabinets and countertops. The back unit is a 2 bedroom 1 bath with tile flooring and open floor plan with a small fenced backyard. The 3rd unit is a 1 bedroom 1 bathroom with tile flooring and storage shed in backyard. Rents are low for each unit and could easily be doubled over time, subject to Salinas rental ordinance. Owner covers trash, septic and water which potentially could be costs transferred to the tenants over time as well. There is plenty of room for improvements to be made that would reflect in an increase in equity position and cashflow for this property. Close proximity to shopping, restaurants, hwy 101 and local schools. This is truly a great investment opportunity for the right buyer!
Location
State CA
County Monterey
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Fireplace No
Schools
School District Salinas Union High, Salinas City Elementary
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