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156 Archer St
Salinas, CA 93901
Multifamily Property For Sale
·
18 Units
PROPERTY FACTS
| No. Units | 18 | Building Size | 13,832 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1972 |
| Building Class | C | Parking Ratio | 1.3/1,000 SF |
| Lot Size | 0.56 AC | ||
| Zoning | RM-2.9 | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.56 AC |
| Building Size | 13,832 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 1.3/1,000 SF |
| Zoning | RM-2.9 |
ABOUT 156 ARCHER ST , SALINAS, CA 93901
Very well maintained 18 unit apartment building in downtown Salinas. The property consists of 8 - 2 Bedroom units and 10 - 1 bedroom units. Within the past 3 years the units have new roofs, new exterior paint, new stairwells and a new driveway. Interiors of units have been updated over time with most being in fair condition. There is an on-site laundry facility and 18 carport spaces with 7 additional open spaces for guests. 10 of the units have private patio areas on the first floor. There is a solid rental demand for this neighborhood and a good upside with rents and a positive cash flow. Owner pays water, sewer, trash and common area electricity. Tenants pay gas and electricity. Could use RUBS to pass some of the expense to tenants. Walking distance to downtown restaurants, movie theater and shopping and 1 block from 1 private and 1 public elementary school.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | $1,600 | 800 |
| 1+1 | 10 | $1,325 | 700 |
PROPERTY TAXES
| Parcel Number | 002-162-051-000 | Improvements Assessment | $2,318,069 |
| Land Assessment | $1,531,102 | Total Assessment | $3,849,171 |
PROPERTY TAXES
