1140 E Market Street
Salinas, CA 93905
1440 sqft | 0.16 acres | #ML81971469
Description
5% cap rate with new Prop 13 taxes. In-laws, contractors, storage galore. This unique offering features a two-bedroom / one-bathroom home, a newly remodeled one-bedroom/one-bathroom unit, and an 800+ square foot garage/workshop with a half bathroom. The garage is perfect for storing cars, contractors, rental income, or a home workshop -many possibilities. There is a roll-up door and 12 ft.+ ceilings. The house has a separate living room, dining room, eat-in kitchen, and laundry room. The bathroom has floor-to-ceiling shower tile and has been updated. The kitchen is spacious and has a natural gas stove /oven with a vent hood. The house has an exterior patio with a cement floor and stucco walls for privacy. There is a secondary yard, which is fenced, gated, and wraps around the entire property. The second unit: This 498 sq. ft. one-bedroom unit has been newly remodeled - no one has lived in it since it was finished. The unit features LVP flooring and a completely new kitchen with stainless steel appliances and quartz cabinets. The bathroom was also remodeled. Almost all windows are vinyl. Electric panels are newer - Square D. Roof was installed in 2017.
Property Details
- Lot DescriptionLevel
- Stories1
Measurements
- Acres0.1607
- Square Feet1440
Parking
- Parking Spaces1
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1940
Material information
- FoundationConcretePerimeter
Community and Neighborhood Details
- CountyMonterey
- School DistrictOther
Financial Details
- Original List Price$975,000
- Taxes Annual$10,000
Other
- MLS #ML81971469
Location
Legal
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Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Hap Albers (#ML138386)
Listing Office: Albers Real Estate Investment Company (#ML34098)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
