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$1,600,000
Est. payment /mo
0.34 Acres Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID MC25152545
HOA Y/N No
Year Built 1975
Lot Size 0.344 Acres
Property Sub-Type Apartment
Property Description
A 14-unit complex with 14 large 1 bed, 1 bath units approximately 600 sq ft each. Priced at a little over $114,000 per unit, delivering a 5.66 cap rate at the asking price. This complex offers on site laundry with its own individual room and the entire perimeter is gated for extra security and safety located in downtown Merced. Each unit comes with it's own parking space inside the gated area and storage space to store your additional personal items. All the units were upgraded with newer dual pane windows and are all rented out and in good condition.
Location
State CA
County Merced
Zoning R-4
Interior
Heating Central
Fireplaces Type None
Fireplace No
Laundry Inside, Laundry Room
Exterior
Parking Features One Space, On Street
Pool None
Community Features Gutter(s)
Roof Type Tile
Private Pool No
Building
Lot Description Corner Lot, Paved
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 031071012000
Energy Description 4440.0
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Listing Terms Submit
Special Listing Condition Trust
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Listed by Jeff Nightengale London Properties Ltd - Merced 209-947-2247