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612 Central Ave - Multi Unit Income Property 2 Unit Apartment Building Offered at $899,000 at a 4.05% Cap Rate Salinas, CA 93901
Investment Highlights
- Well maintained units
- Separate electric meters and yards, private entrance for studio apartment
- Possible to build additional ADU units in back
Executive Summary
Great opportunity to own this duplex in South Salinas. 2 units: Front unit is a 2 bedroom 1 bath house, second unit located in the rear and is a spacious studio apartment with 1 bath. Studio has its own private entrance and fenced rear yard area. Separate electric meters. Each unit has their own washer & dryer machines. New TPO roof, exterior painting, & vinyl windows installed in September 2023. Possibility to build additional ADU unit in back. Close to Hartnell Community College, shopping, schools, grocery, banks, Salinas Valley Health Medical Center, Salinas City Center- Downtown, hwy 183, hwy 101, and hwy 68.
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $899,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $449,500 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 1,210 SF |
| Cap Rate | 4.05% | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1935 |
| Zoning | R-M-2.9 - Medium Density Residential | ||
| Price | $899,000 |
| Price Per Unit | $449,500 |
| Sale Type | Investment |
| Cap Rate | 4.05% |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Single-Family Home |
| Lot Size | 0.15 AC |
| Building Size | 1,210 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1935 |
| Zoning | R-M-2.9 - Medium Density Residential |
Amenities
Unit Amenities
- Fireplace
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $1,700 | 750 |
| Studios | 1 | $1,600 | 460 |
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Presented by
Steinbeck Realty, Inc.
612 Central Ave - Multi Unit Income Property
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