$1,495,000
157 Central Ave is an 8-unit apartment complex located in Downtown Salinas, adjacent to Hartnell College and Monterey County government offices. The property consists of six studio apartments within the two-story main building, along with two detached units: one one-bedroom/ one-bath unit and one three-bedroom/one-bath unit. The property has historically experienced very low tenant turnover, providing a stable and consistent rental history. The one-bedroom/one-bath unit can be delivered vacant at closing, offering an owner-user the opportunity to occupy the unit or an investor the flexibility to lease it at market rates.
Listed by Patrick Stafford with Baird Partnership, Inc.
MLS Property Type
Commercial Sale
Status
Active
MLS Number
ML82060994
Year Built
1934
Building Size
3,441 sq ft
Lot Size
6,716 sq ft
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