$1,050,000
$1,200,000
12.5%For more information regarding the value of a property, please contact us for a free consultation.
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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Bought with General NONMEMBER • NONMEMBER MRML
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