Salinas
royaloaks, CA 95076$2,850,000
- sold
INTERESTED? LET'S CONNECT
OPEN HOUSE TOUR THURS FEB 20TH FROM 11A-1P TO VIEW THE INTERIOR OF THE UNITS. This is a rare opportunity to acquire a 10-unit multi-family property spread across six buildings, featuring a desirable mix of three-bedroom and two-bedroom units in a high-demand rental market. The owner has renovated units as they have turned over and purposefully left 3 units vacant for the new owner to fill at market rate rents. This well-maintained asset offers a steady income stream, with room for rental growth and operational efficiencies.
Diverse Unit Mix: (4) Three-bedroom units & (5) Two bedroom units, (1) large one-bedroom unit
Strong Occupancy: High tenant retention with consistent rental demand
Expansion & Value-Add Potential: Opportunity to increase rents through renovations, or redevelopment
Prime Location: Located just off Highway 1 and situated near major employers, transportation, and amenities
Stabilized & Income-Producing: Immediate cash flow with upside potential
Details
8,098 Sq Ft
3.948 Private Acres Exterior Space
Investment
Built in 1968
MLS/Listing ID ML81994165
Listing Courtesy of BAIRD PARTNERSHIP, INC., JAMES KENDALL - 831-275-0129

Source of Data: MLSLISTINGS