740 Elkington Avenue

    Salinas, CA 93905
    • $669,000
    • STATUS: Active
    • ON SITE: 102 days
    • ID#: ML81742722
    UPDATED: 77 min ago
    $669,000
    • 0
      BEDS
    • 0.47
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,696
      SQFT
    • $248
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    Description

    Great 3-unit investment property OR live in Single Family Home in front and rent out duplex in back to offset mortgage. 100% occupied with solid long term tenants. Under market rents on all three units. Large 20,000+ square foot lot. Front home features three bedrooms with one bathroom. Both units in the Duplex are two bedrooms with one bathroom. All units have private backyards. Ample onsite parking for tenants (8+ cars). Property is well maintained and managed. Upside Investor Potential. High demand rental area near schools and shopping. Full Address is 740, 742 and 744 Elkington Avenue.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-25T00:36:54.86. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/92718376

    740 Elkington Avenue Salinas, CA 93905

    • Price: $669,000
    • Status: Active
    • Updated: 77 min ago
    • ID#: ML81742722
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.47
    Acres
    2,696
    SQFT
    $248
    $/SQFT
    1965
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Monterey
    Area:
    699 - Not Defined
    Property Description
    Great 3-unit investment property OR live in Single Family Home in front and rent out duplex in back to offset mortgage. 100% occupied with solid long term tenants. Under market rents on all three units. Large 20,000+ square foot lot. Front home features three bedrooms with one bathroom. Both units in the Duplex are two bedrooms with one bathroom. All units have private backyards. Ample onsite parking for tenants (8+ cars). Property is well maintained and managed. Upside Investor Potential. High demand rental area near schools and shopping. Full Address is 740, 742 and 744 Elkington Avenue.
    Exterior Features

    Carport Spaces 0.00 Foundation Details Slab Garage Spaces 0.00 Lot Size Source Assessor Lot Size Units Square Feet Parking Features Uncovered Parking Total 0.00 Parking YN Yes Roof Composition

    Interior Features

    Average1 Bed Area 1080 Average2 Bed Area 808 Average3 Bed Area 808 Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

    Property Features

    Accessibility Features None Cap Rate 5.89 Gross Multiplier 15.17 Gross Scheduled Income 44100.00 Insurance Expense 0.00 Maintenance Expense 1500.00 Professional Management Expense 0.00 Special Listing Conditions Standard Trash Expense 0.00 Zoning Rm

    Listing provided courtesy of Colleen Marchbank of Keller Williams-Santa Cruz


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-25T00:36:54.86. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Heller The Home Seller | Keller Williams Realty
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024