1155 E Laurel Drive, Salinas, CA 93905
- Sqft
- 11,200
View property features, location on map, relevant school information and overview from seller's agent.
- 3
- 0
Overview
This 14-unit apartment complex delivers many investor positives which will increase your investment return. The unit mix features all two-bedroom / one-bathroom units with a $2,100 monthly average rent. Market rents are $2200 plus. Capital improvements include: new asphalt comp roof 2018, exterior painting 2018, catwalk repairs, new stainless steel stairs and handrails, security lights, complete main electric panel replacement, and individual unit water shutoff valves. Interior capital improvements include 12 remodeled units with new kitchens, appliances, flooring, and bathrooms. These capex items will reduce potential insurance premium increases, improvement requirements, and future capital investment. Exterior maintenance is minimal. The complex also has 18 off-street parking spaces.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Square feet
- 11,200
- Lot size (acres)
- 0.33
- Year built
- 1978
Utilities
- Heating
- Natural gas, Wall furnace
- Cooling
- None
- Water
- Private
Estimated monthly costs
- Insurance
- $6,890
Taxes
- Tax Annual Amount
- $52,868
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: MLSListings (California) MLS®#: ML81996974 Last checked: …
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