Merced, CA 95340,308 W 20th ST
Merced, CA 95340,308 W 20th ST
Merced, CA 95340,308 W 20th ST
Merced, CA 95340,308 W 20th ST
Merced, CA 95340,308 W 20th ST
Merced, CA 95340,308 W 20th ST
See all 12 photos

$1,050,000

$1,200,000

12.5%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

12 Beds

6 Baths

4,356 SqFt


SOLD DATE : 04/20/2023

Key Details

Sold Price $1,050,000

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 4,356 sqft

Price per Sqft $241

MLS Listing ID MP22203016

Sold Date 04/20/23

Bedrooms 12

Full Baths 6

HOA Y/N No

Year Built 1966

Lot Size 0.310 Acres

Property Description

INVESTORS!! Two lots listed together 308, 310, 312 W. 20th St./ 1927, 1935, 1943 Martin Luther King Jr. Way. 6 TOTAL UNITS located in an OPPORTUNITY ZONE (Census Tract 13.02), which includes special tax benefits, is being sold as two (2) lots combined with dedicated covered resident parking. This multi-family investment is in an emerging area, walking distance from the newly restored Downtown Merced, is a short drive to Merced College and UC Merced, in an area with strong rental growth. Close access to both public transportation, freeways and proposed HIGH-SPEED RAIL STATION. Properties contains (6) two bedroom/one bathroom units. Building has a good rental upside potential. Both buildings are located on the same lot with two separate parcel numbers. Excellent opportunity. Marketing package can be sent by request with more information.

All units are currently being rented on month-to-month terms, except for one (1) unit which is partially through a year-long lease. This property is listed at $1.2 million dollars. A PERFECT 1031 opportunity!! Take advantage of income-producing investment and Opportunity Zone incentives and purchase an investment property in up and coming Merced.

What more could you want from a rental property? THIS ONE HAS IT ALL!

Location

State CA

County Merced

Zoning MULTI-FAM

Rooms

Main Level Bedrooms 12

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Washer Hookup

Exterior

Garage Spaces 6.0

Carport Spaces 6

Garage Description 6.0

Pool None

Community Features Curbs, Storm Drain(s), Street Lights, Suburban, Sidewalks

Utilities Available Electricity Connected, Phone Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Composition

Attached Garage Yes

Total Parking Spaces 12

Private Pool No

Building

Lot Description Corner Lot, Front Yard, Yard

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Schools

School District Merced City

Others

Senior Community No

Tax ID 031071005000

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Zoe Alexander • Realty Executives of Merced
Bought with General NONMEMBER • NONMEMBER MRML
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