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 6%+ 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.
Property Type
Residential IncomeCounty
MercedStyle
Residential IncomeAD ID
50371427
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
Interior Features
- Roof : Tile
- Windows: Double Pane Windows
- Fireplace: None
Heating Source
- Central
- Has Heating
Fireplace
- Fireplace Features: None
- Has Fireplace: 0
-
Exterior Features
Building Information
- Year Built: 1975
- Building Area Total: 8,000
- Roof: Tile
Pool Features
- None
Laundry Features
- Inside,Laundry Room
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.3444
- Lot Size Source: Assessor
- Lot Size Square Feet: 15000
-
Listing Information
Listing Price Information
- Original List Price: 1,600,000
- Listing Contract Date: 2025-07-08
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 031071012000
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: One Space,On Street
Homeowners Association
Rental Info
- Lease Term: Negotiable
- Tenant Pays: Electricity
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood:
- Postal Code Plus 4: 4805
- Directions: Go North on G St; Turn right on 19th
- Zoning: R-4
- Source Property Type: Residential Income
- Property SubType: Apartment
Building and Construction
- Property Age: 50
- Common Walls: 2+ Common Walls
- Structure Type: Apartment
- Year Built Source: Assessor
- Entry Level: 1
- Entry Location: Front
- Property Attached: Yes
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BuyOwner last updated this listing 07/21/2025 @ 02:44
- MLS: MC25152545
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 8,000 sqft, 15,000 sized lot, and 0 parking. are nearby neighborhoods.