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615 Terrace Street
615 Terrace Street
615 Terrace Street
615 Terrace Street
615 Terrace Street
615 Terrace Street
615 Terrace Street
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Listed by Agency One Real Estate, Sean Griffin, Listing Contact: 8312621955
$775,000

615 Terrace Street

1,607 Sq.Ft.

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!

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Location

615 Terrace Street, SALINAS, CA 93905

Status

For Sale
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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.
Thank you for your interest in 615 Terrace Street, SALINAS, CA 93905. We are reviewing your request and will be in touch shortly!
Sean Griffin

Sean Griffin

TITLE

Founder, Broker Associate

Property Amenities

Area & Lot
Total area 1,607 Sq.Ft.
Living area 1,607 Sq.Ft.
MLS® ID ML82039241
Year Built 1951
School District Salinas Union High
Type Multi-Family
Status For Sale
Exterior
Stories 1
Pool None
Air conditioning None
Heat type Wall Furnace
Water Source Public
Sewer Public Sewer
Parking Common
Roof Composition
Finance
Sales Price $775,000
Maintenance Fee $500 monthly
Real Estate Tax $7,750 yearly

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