MLS® ID: ML81753955
156 Archer ST
SALINAS, California, 93901 $3,700,000
Very well maintained 18 unit apartment building in downtown Salinas. The property consists of 8 - 2 Bedroom units and 10 - 1 bedroom units. Within the past 3 years the units have new roofs, new exterior paint, new stairwells and a new driveway. Interiors of units have been updated over time with most being in fair condition. There is an on-site laundry facility and 18 carport spaces with 7 additional open spaces for guests. 10 of the units have private patio areas on the first floor. There is a solid rental demand for this neighborhood and a good upside with rents and a positive cash flow. Walking distance to downtown restaurants, movie theater and shopping and 1 block from 1 private and 1 public elementary school.