75 S Madeira Ave - Apartments FOR SALE


Salinas, CA 93905- Greater Salinas
$1,550,000 USD
831-818-9137
75 S Madeira Ave, Salinas, CA for Sale
$1,550,000 USD
Apartments - FOR SALE
1/6
null | 5.81% Cap Rate

75 S Madeira Ave
Salinas, CA 93905
Greater Salinas


HIGHLIGHTS

  • low maintenance, one level
  • two buildings with +++ parking on large lot
  • close to amenities

OVERVIEW

Great investment opportunity. Low-maintenance 4-plex with two one-level buildings on a large 11,900+ square foot lot. Annual Gross Income $106,560.00. All units have two bedrooms, one full bath, and laundry hook-up with yards/patios. Walking distance to markets, restaurants/deli, parks, and schools in established neighborhoods. All leases are month-to-month, conventional residential financing for 4-plex or cash or maybe your 1031 Exchange clients.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$130 USD /SF

# OF UNITS

4

PRICE/UNIT

$387,500

CAP RATE

5.81%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

75 S. Madeira Ave. Salinas, CA 93905

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,935 SF

ZONING

multi-res

APN/PARCEL ID

003-031-031-000

ASK ABOUT THIS PROPERTY

Debra Ann DemoseXp Realty of California IncMore Info
831-818-9137

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Debra Ann DemoseXp Realty of California IncMore Info
831-818-9137

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