Bought with Hap Albers • AREIC
$6,977,000
$7,400,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
850 Garner AVE Salinas, CA 93905
6 Beds
3.5 Baths
4,636 SqFt
Key Details
Sold Price $6,977,000
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,636 sqft
Price per Sqft $1,504
MLS Listing ID ML81913969
Bedrooms 6
Full Baths 3
Half Baths 1
Year Built 1978
Lot Size 1.222 Acres
Property Sub-Type Five or More Units
Property Description
32 units in Salinas. The unit mix is 19 two-bedroom / 1-bathroom townhouse units, 12 one-bedroom / one-bathroom units, and a three-bedroom / one-bathroom unit, which is used for the onsite property managers unit. The complex has six buildings The property management company has invested in capital improvements, repairs, upgrades, exterior painting, tree trimming, and many other improvements in the last several years. Rents were increased in the fall of 2022 and can be increased in the fall of 2023. The GRM is 10.55.
Location
State CA
County Monterey
Area Es-68
Zoning R H 2.1
Rooms
Kitchen Countertop - Formica, Countertop - Solid Surface / Corian, Countertop - Synthetic, Countertop - Tile, Exhaust Fan, Hood Over Range, Oven Range - Electric, Refrigerator
Interior
Heating Electric
Cooling None
Flooring Carpet, Laminate, Tile, Vinyl / Linoleum
Laundry Coin Operated
Exterior
Parking Features Assigned Spaces, Carport , Off-Street Parking
Garage Spaces 8.0
Utilities Available Individual Electric Meters
Roof Type Flat / Low Pitch
Building
Foundation Concrete Perimeter and Slab, Concrete Slab
Sewer Sewer Connected
Water Individual Water Meter, Private / Mutual
Others
Special Listing Condition Not Applicable
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