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$975,000
ML81971469 MLS
Very unique offering featuring a two bedroom / one bathroom home, a newly remodeled one bedroom/ one bathroom unit, and a 800+ square foot garage/workshop with its own half bathroom. The garage is perfect for storing cars, contractors, or a home workshop -lots of possibilities. There is a roll up door and 12 ft.+ ceilings. The house has a separate living room, dining room, eat in kitchen, and a laundry room. The bathroom has floor to ceiling shower tile and has been updated. The kitchen is spacious and has a natural gas stove /oven with a vent hood. The house has a exterior patio with a cement floor and stucco walls for privacy. There is a secondary yard, which is fenced, gated, and wraps around the entire property. The second unit: This 498 sq. ft. one bedroom unit has been newly remodeled - no one has lived in it since it was finished. The unit features. al LVP flooring, a completely new kitchen with stainless steel appliances and quartz cabinets. The bathroom was also remodeled. Almost all windows are vinyl. Electric panels are newer - Square D. Roof was installed 2017.

1140 E Market ST, Salinas

$595,000
ML81970239 MLS
Bring your contractors and developers!! Great opportunity to own two detached single family homes on a large 15,700 sqft lot. Each home has 1 bedroom and 1 bathroom with a basement. Units have newer 30 year composition roofs, newer exterior paint and newer windows. Interior is older and needs updating. Rents are very low and could be closer to $1500 per unit if they are raised to fair market value. There are plans included with the sale to split the lots, demolish both units and build two new single family homes that are approx 1950 sqft each with attached garages. The units are currently on a septic system and would need to be connected to the sewer system in the street for any new development. Lot is zoned medium density residential 2.9 which could allow for up to 5-6 units. Buyer to verify all development potential directly with the city. One of the units is on a mudsill foundation which will require a cash buyer to purchase the property. Could be a 5% Cap rate if rents are raised to market value. Don't miss out on this rare opportunity!

2 Homestead AVE, Salinas

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