Address
501 Fremont ST, Salinas, CA
Price
$ 1,949,000
Property Attributes
- MLS#ML81957714
- TypeContingent
- CountyMONTEREY
- CitySalinas
- AreaES-66
- Zip93905
- Style
- Price$ 1,949,000
- Bedrooms3
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4248
- Lot Size0.4408 Acres
Data Source:
MLSListings Inc.
Property Description
Eleven units in Salinas have significant potential rent upside. The two-bedroom units average $1311 monthly, and the two-bedroom market rents are estimated at $2200. The studio and one-bedroom units average $1158 monthly, and the studio / one-bedroom market rents are estimated at $1500. Potentially, there is $5,000+ per month in rental upside. There are three two-bedroom cottages, one four-plex building, and four cottages connected with covered carports. The asphalt parking lot was recently repaved. The units are separately metered for gas and electricity. The owner pays for water, sewer, and garbage. The complex is close to grocery markets, restaurants, Highway 101, and many employment centers.
| Price History | |
|---|---|
| 3/15/2024 | Listed $1,949,000 |
General Features
| Heating | Gas,Wall Furnace |
|---|---|
| Cooling | None |
| Utilities | Individual Electric Meters,Individual Gas Meters |
| Roof | Composition |
| Water | Private / Mutual |
| # of Buildings | 5 |
| Security Features | None |
| Restrictions | None |
| Year Built | 1950 |
| Age | 74 |
| Property SubType | Five or More Units |
| City Limits (Y/N) | Yes |
| Zoning Text | R-L-5.5 Residential Low Density |
| Incorporated Y/N | Yes |
| Accessibility | None |
| County | Monterey |
| Property Type | Commercial Multi-Residential (5+ units) |
| Special Listing Conditions | Not Applicable |
| Status | Contingent |
| City | SALINAS |
| MLS Area | ES-66 |
| Listing Agent State License | 01006595 |
Interior Features
| Kitchen | Oven Range - Gas,Refrigerator |
|---|---|
| Flooring | Laminate,Tile,Vinyl / Linoleum |
| Unit 1 Rent | 1291 |
| Living SqFt | 4248 |
| Laundry Features | None |
Exterior Features
| Parking Features | Carport |
|---|---|
| Parking Spaces | 5 |
| Lot Size Area | 19200.00 |
| Maximum Lot Size | 19200.00 |
| Sewer/Septic | Sewer Connected |
| Meters | Master Water,Separate Electric,Separate Gas |
| Foundation Details | Concrete Perimeter |
| Building Area Total | 4248 |
| Lot Acres | 0.4408 |
| Lot Size Units | Square Feet |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Contingent Average in 93905
Price
Visits
Year Built
Last updated: May 18, 2024 7:51 PM UTC Property Information © 2024 