615 Terrace ST, Salinas, CA 93905
615 Terrace ST, Salinas, CA 93905
615 Terrace ST, Salinas, CA 93905
615 Terrace ST, Salinas, CA 93905
615 Terrace ST, Salinas, CA 93905
615 Terrace ST, Salinas, CA 93905
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Wilson Leung

Wilson Leung

+1(650) 280-8888
Listed by Sean Griffin • Agency One Real Estate, DRE#01466508
$ 725,000
Est. payment | /mo

5 Beds

3 Baths

1,607 SqFt

Save
$ 725,000
Est. payment | /mo
Save

5 Beds

3 Baths

1,607 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,607 sqft

Price per Sqft $451

MLS Listing ID ML82039241

Bedrooms 5

Full Baths 3

Year Built 1951

Lot Size 5,674 Sqft

Property Sub-Type Triplex

Property Description

Great opportunity to own a fully rented triplex in east salinas! The front unit is a mostly remodeled 2 bedroom 1 bath unit with updated flooring, kitchen cabinets and countertops. The back unit is a 2 bedroom 1 bath with tile flooring and open floor plan with a small fenced backyard. The 3rd unit is a 1 bedroom 1 bathroom with tile flooring and storage shed in backyard. Rents are low for each unit and could easily be doubled over time, subject to Salinas rental ordinance. Owner covers trash, septic and water which potentially could be costs transferred to the tenants over time as well. There is plenty of room for improvements to be made that would reflect in an increase in equity position and cashflow for this property. Close proximity to shopping, restaurants, hwy 101 and local schools. This is truly a great investment opportunity for the right buyer!

Location

State CA

County Monterey

Area Es-66

Zoning HDR

Interior

Heating Wall Furnace

Cooling None

Exterior

Parking Features Common Parking Area

Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities

Roof Type Composition

Building

Story 1

Foundation Concrete Slab

Sewer Sewer - Public

Water Public

Level or Stories 1

Others

Tax ID 004-081-025-000

Security Features None

Horse Property No

Special Listing Condition Not Applicable

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Nearby School & Business

Wilson Leung

+1(650) 280-8888

wilson@theownteam.com

1651 El Camino Real, Millbrae, CA, 94030, United States

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