$3,815,000
$4,100,000
7.0%For more information regarding the value of a property, please contact us for a free consultation.
3.5 Acres Lot
SOLD DATE : 12/11/2019
Key Details
Sold Price $3,815,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID MC19259732
Sold Date 12/11/19
HOA Y/N No
Year Built 1975
Lot Size 3.500 Acres
Property Description
WHAT A FABULOUS OPPORTUNITY TO OWN 44 APARTMENT UNITS IN MERCED!!! THIS COMPLEX IS 100% OCCUPIED WITH A WAITING LIST FOR VACANCIES!! THIS COMPLEX HAS 11 BUILDINGS, 44 UNITS/42 RENTALABLE UNITS. THE OFFICE CAN BE CONVERTED BACK INTO A RENTABLE UNIT AND THERE IS LAUNDRY FACILITY THAT HAS 5 WASHERS AND 5 DRYERS! ADDITIONAL INCOME! THIS AMAZING COMPLEX IS LOCATED ON 3.6 ACRE WITH 5 PARKING LOTS AND PRICE DRIVEWAY, POOL AND LARGE OPEN SPACE FOR YOUR TENANTS TO ENJOY!!!! Close to everything... Schools, Shopping, Freeway and short distance to the UC Merced!!!
Location
State CA
County Merced
Zoning R-4
Interior
Interior Features AllBedroomsDown
Heating WallFurnace
Cooling WallWindowUnits
Flooring Carpet, Tile, Vinyl
Fireplaces Type None
Fireplace No
Appliance ElectricOven, ElectricRange
Laundry CommonArea
Exterior
Pool Fenced, Private
Community Features StreetLights
Utilities Available CableAvailable, ElectricityConnected, SewerConnected
Roof Type Composition
Private Pool Yes
Building
Lot Description Item1115UnitsAcre, RectangularLot
Story One
Entry Level One
Sewer PublicSewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 033240023000
Acceptable Financing Submit
Listing Terms Submit
Financing Cash
Special Listing Condition Trust
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Bought with Jigar Shah • Century 21 Discovery
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
880 Roosevelt Suite 250, Irvine, California, 92620, United States