615 Terrace St Salinas, CA 93905
Property Features for 615 Terrace St
General Information
- Property type
- Investment
- Standard status
- Active
- Lot size
- 0.13 Acres
Building Details
- Year built
- 1951
Source:
Elliman
Listing Agent: Sean Griffin
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Fully Rented Triplex Investment Opportunity
This is a fully rented triplex located in East Salinas. The front unit features remodeling, with 2 bedrooms and 1 bath, updated flooring, kitchen cabinets, and countertops. The back unit includes 2 bedrooms, 1 bath, tile flooring, an open floor plan, and a small fenced backyard. The third unit is a 1 bedroom, 1 bathroom unit with tile flooring and a storage shed in the backyard. There is room for improvements to be made. The property is located in close proximity to shopping, restaurants, Highway 101, and local schools. The rents are currently low and could potentially be increased over time, subject to Salinas rental ordinance. The owner currently covers trash, septic, and water, costs which could potentially be transferred to the tenants over time.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Salinas
- County
- Monterey
- State
- California
- Longitude
- -121.6344602
- Latitude
- 36.6786939
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Triplex in East Salinas with remodeling and income potential.
Where is this triplex located?
The property is located at 615 Terrace St Salinas, CA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: - Fully rented triplex providing immediate rental income.; - Opportunity to significantly increase rents over time.; - Front unit is mostly remodeled with updated features.
