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Address Not Available By Request

Merced, CA 95340
  • $420,000
  • STATUS: ACTIVE
  • ON SITE: 20 Days
  • ID#: 220010480
Price Reduced
$420,000
  • 6
    BEDS
  • 0.2
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 3,047
    SQFT
  • $138
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1916
County:

School Ratings & Info

Description

2 Unit Craftsman Style Investment property sold "as is". No repairs to be made. This is a fixer but is currently occupied. This can be student housing for Merced University: a fast growing UC along w/ great potential for appreciation as well as additional rental income. Neighborhood has superb growth potential as renovations are city-wide & hotels are being built. Conveniently located near downtown restaurants, cafes, & the bus & train stations to get to either the Community College, UC Merced, or Yosemity Park. Large parcel with alley access & possible growth opportunity to add 2 additional units. Buyer advised to conduct due diligence on permits, allowances and codes. This is not a fire sale as the property has room for growth and currently brings in income to the owner. Owner would like to redistribute assets once he can sell his property for a fair profit in as is condition. Property requires some repair

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
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Address Not Available By Request Merced, CA 95340

  • Price: $420,000
  • Status: ACTIVE
  • On Site: 20 Days
  • ID#: 220010480
6
Beds
3
Baths
0
½ Baths
0.2
Acres
3,047
SQFT
$138
$/SQFT
1916
Built
Neighborhood:
Downtown Merced
County:
Merced
Area:
Merced (95340)
Property Description
2 Unit Craftsman Style Investment property sold "as is". No repairs to be made. This is a fixer but is currently occupied. This can be student housing for Merced University: a fast growing UC along w/ great potential for appreciation as well as additional rental income. Neighborhood has superb growth potential as renovations are city-wide & hotels are being built. Conveniently located near downtown restaurants, cafes, & the bus & train stations to get to either the Community College, UC Merced, or Yosemity Park. Large parcel with alley access & possible growth opportunity to add 2 additional units. Buyer advised to conduct due diligence on permits, allowances and codes. This is not a fire sale as the property has room for growth and currently brings in income to the owner. Owner would like to redistribute assets once he can sell his property for a fair profit in as is condition. Property requires some repair
Exterior Features

Exterior Wood Fencing Cross FencingGatePartial Frontage Dimensions In Feet 50 Irrigation Sprinklers Lot Dimensions Approx 50' X 150' Parking For RV On-Site Parking Parking Garage Desc Unit1 Detached Parking Garage Desc Unit2 Detached Parking Garage Spaces Unit1 1 Parking Garage Spaces Unit2 1 Parking Non Garage Desc Unit1 Uncovered Parking Non Garage Desc Unit2 Uncovered Roof Composition Site Alley AccessCurbsPublic StreetSidewalksStreet Paved Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Units With Garages 2 Units With Patios 2

Interior Features

Cooling Wall/Window Furnished Units 1 Half Baths Unit1 0 Half Baths Unit2 0 Heat Source Natural Gas Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Units With Cooling 1 Units With Dishwashers 2 Units With Dryers 2 Units With Fireplaces 1 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 2

Property Features

Actual Cap Rate 4.2 Age Restrictions Other/Remarks Annual Expense Actual 2900 Association ID San Diego Association Of Realtors (Sdar) Buildings 2 Cfd Mello Roos Fee 0.0 Community Downtown Complex Features Laundry Facilities Complex Park 49 22nd St. Cross Streets G St. And I St. Est Percent Owner Occupancy 0.0 Gross Rent Multiplier Actual 14.85 Gross Scheduled Income Actual 33319 Gross Scheduled Income Project 36000 Mandatory Remarks None Known Monthly Total Fees 0 Net Operating Income Projected 35000 Other Fees 0.0 Other Income Actual 0 Pets Yes Possession Close Of Escrow Sales Restrictions Other/Remarks Security N/K Short Sale No Tenant Pays N/K Terms Cash Unit Number For Unit1 49 W. 22nd Unit Number For Unit2 B Unit1 Deposit 900 Unit1 Occupied Tenant Unit1 Projected Rent 2000.0 Unit1 Rent Actual 900.0 Unit2 Deposit 1100 Unit2 Occupied Tenant Unit2 Projected Rent 1300.0 Unit2 Rent Actual 1049.0 Water Meter On Property Zoning R-2

San Diego MLS logo Listing provided courtesy of Homesmart Realty West. Listing information © 2022 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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