About This Home
This 0-bedroom, 0-bathroom commercial at 6 S Wood ST in Salinas, CA is listed for $3,100,000. Built in 1964, on a 0.36 acres lot.
Key Features
- Built in 1964
- 0.36 acre lot
- 25 parking spaces
Property Details
Now available: a rare opportunity to acquire a well-maintained 25-unit boutique motel in the heart of Salinas, California. This well-maintained, two-story motel features an on-site office with the owners' living quarters, including 2 bedrooms, 2 bathrooms, a spacious kitchen & family room combo, and a separate living room.
Recent upgrades to the entire building include double-pane windows throughout, a 400-amp electrical system, updated plumbing with a water softening system, an oversized water heater with room for expansion, and ongoing regularly scheduled maintenance of each unit.
The roof was serviced in 2014, and the property was fumigated both recently and historically. Excellent opportunity for investors and operators exploring H-2A/ Extended-Stay Housing. The City of Salinas has approved an Extended Stay Program, creating added potential for farm labor housing and workforce accommodations.
This property presents a unique opportunity to capitalize on the growing demand for agricultural workforce lodging within the Salinas Valley. - The seller is open to carrying a portion of the purchase price for qualified buyers. Attractive terms and a flexible structure may be considered.
Monthly Cost Estimate
$16,579/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
6 S Wood ST
Salinas, CA 93905
Features & Amenities
Interior Features
Property Details
Flooring
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 6 S Wood ST is listed at $3,100,000. The estimated monthly payment is $16,579 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1964, 0.36 acre lot, 25 parking spaces. Interior Features: Vaulted Ceiling.
This property is listed by Eddie Guajardo and can be reached at 8312062335.