501 Fremont St, SALINAS, CA

$1,949,000

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4,248

Square feet

0.44

Acres

About 501 Fremont St

Eleven units in Salinas have significant potential rent upside. The two-bedroom units average $1311 monthly, and the two-bedroom market rents are estimated at $2200. The studio and one-bedroom units average $1158 monthly, and the studio / one-bedroom market rents are estimated at $1500. Potentially, there is $5,000+ per month in rental upside. There are three two-bedroom cottages, one four-plex building, and four cottages connected with covered carports. The asphalt parking lot was recently repaved. The units are separately metered for gas and electricity. The owner pays for water, sewer, and garbage. The complex is close to grocery markets, restaurants, Highway 101, and many employment centers.

Features of 501 Fremont St

MLS® # ML81957714
Price $1,949,000
Square Footage 4,248
Acres 0.44
Year Built 1950
Type Multi-Residential
Sub-Type Five or More Units
Status Contingent

Community Information

Address 501 Fremont St
Area ES-66
City SALINAS
County Monterey
State CA
Zip Code 93905

Amenities

Utilities Individual Electric Meters, Individual Gas Meters
Parking Spaces 5
Is Waterfront No

Interior

Heating Gas Heat, Wall Furnace
Cooling No Cooling
Fireplace No

Exterior

Roof Composition Roof
Foundation Concrete Perimeter

Additional Information

Zoning R-L-5.5 Residential Low Density
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentHap Albers
OfficeAlbers Real Estate Investment Company
Contact Info408-893-6002

Listing Map

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