Jeremiah Moersch REALTOR®
Office: 760-533-2540
501 Fremont Street, Salinas
$1,949,000
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0 Bed
0 Bath
.44 Acre
0 Garage
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.
Essential Information
- MLS® #
- ML81957714
- Price
- $1,949,000
- Bathrooms
- 0.00
- Acres
- 0.44
- Year Built
- 1950
- Type
- Commercial Sale
- Status
- Active Under Contract
Community Information
- Address
- 501 Fremont Street
- Area
- 699 - Not Defined
- City
- Salinas
- County
- Monterey
- Zip Code
- 93905
- Senior Community
- N
Amenities
- Parking Spaces
- 5
Interior
- Heating
- Wall Furnace
- Cooling
- None
Exterior
- Roof
- Composition
School Information
- District
- Other
Additional Information
- Date Listed
- March 15th, 2024
- Days on Market
- 46
- Zoning
- R-L-5.5 Residential Low D
Listing Details
- Agent
- Hap Albers
Office
Albers Real Estate Investment Company
Property History
Status Changed from Active to Active Under Contract
LISTING MAP
Based on information from California Regional Multiple Listing Service, Inc. as of May 2nd, 2024 at 9:25pm PDT. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.