$5,720,000
$5,720,000
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3.5 Acres Lot
SOLD DATE : 08/08/2022
Key Details
Sold Price $5,720,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW22108009
Sold Date 08/08/22
HOA Y/N No
Year Built 1964
Lot Size 3.500 Acres
Property Description
What a Fabulous opportunity to own 44 Units Apartment in Merced!!This complex has been 100% occupied and have waiting list for renters. All Units are single story giving a feeling of single family homes to all the occupants. There is a separate Laundry facility with Brand New Equipments offering 5 Washers and 5 Dryers. This Amazing Complex is located on sprawling 3.5 acres with plenty of parking, fenced Pool and large open spaces for tenants to enjoy. It is very close to Schools, Shopping, Freeway and a Short distance to UC MERCED. Large land also offer possibility of additional units. All the Buildings were painted outside in less than last 60 days and some roofs were replaced as well.
Sellers have gone through quite a bit of work in last 12 months.
Current rents are extremely low compared to market rents.
Location
State CA
County Merced
Zoning R-4
Interior
Interior Features All Bedrooms Down
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet, Laminate, Tile
Fireplace No
Laundry Common Area
Exterior
Parking Features Driveway, Paved
Pool Community, In Ground
Community Features Street Lights, Sidewalks, Pool
Utilities Available Cable Available, Electricity Connected, Sewer Connected
Roof Type Composition
Private Pool No
Building
Lot Description Lot Over 40000 Sqft, Sprinkler System
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 033240023000
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Jose Fregoso • RE/MAX ESTATE PROPERTIES
"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