Thank you
Ronald Scanlon
Century 21 Select Real Estate
209-383-2171
Are you looking for a multi-unit complex with all kinds of potential, well you can stop your search right here. This is a 12 unit complex, 2 buildings with 6 units in each. The units are almost 760 sq feet per unit. All units are 2 bed one bath. The total building space is 9507 sq ft. Each building has its on coin operated laundry, 2 in all. There has been a recent flood that has affected the lower 3 units of each building. Some repairs have been made but are selling the property as is in current condition. The 12 units were being remodeled at the time of the flood. there were 4 newer water heaters and 2 new tub/showers installed on units in the 2610 building and 6 new water heaters and 6 tubs/showers in the 2620 building. Only 1 unit is currently rented at this time. current rent on that unit is $1365 per month. All New doors and security doors were installed prior to flood. New flooring was also installed in some units. Owner also had new stairs and balcony entrance (deck) installed at a cost of around $80,000. All units have central Heat and Air. Each unit also has storage area. There is ample parking for 20 vehicles on paved parking area. This is a hard to find 12 unit complex so reach out today. Selling as is. Buyer to participate in a 1031 exchange at no cost to buyer. SELLER WILL CONSIDER TRADE OF PROPERTIES. ***Updated Photos***
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Water Source : Public
Sewer : Public Sewer
Roof : Composition
Property Appliances: Electric Range,Range Hood
Fireplace: None
Flooring: Laminate
Central Air
Air Conditioning
Central
Has Heating
Fireplace Features: None
Has Fireplace: 0
Year Built: 1970
Building Area Total: 9,096
Roof: Composition
None
Common Area
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.4588
Lot Size Source: Assessor
Lot Size Square Feet: 19985
Original List Price: 2,500,000
Listing Contract Date: 2023-03-24
Listing Agreement: Exclusive Right To Sell
Parcel Number: 058140010000
Garage Description: Driveway,Paved,Private,One Space,Side By Side
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood:
Postal Code Plus 4: 4342
Directions: W on Olive, Left on N State Highway 59
Zoning: R-3-1.5
Source Property Type: Residential Income
Property SubType: Apartment
Property Age: 54
Common Walls: 2+ Common Walls
Structure Type: Apartment
Year Built Source: Owner
Property Attached: Yes
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
Bellvue Road, Merced, CA,95348 | $2,500,000 | -- | -- | -- | 1224036 Sqft |
2769 Madrid Avenue, Merced, CA,95348 | $355,000 | 5 | 2 | 1,458 | 4025 Sqft |
2434 N State Highway 59, Merced, CA,95348 | $450,000 | -- | -- | -- | 100188 Sqft |
1539 W North Bear Creek.., Merced, CA,95348 | $485,000 | 4 | 2 | 1,628 | 16174 Sqft |
Belcher Ave, Merced, CA,95348 | $149,900 | -- | -- | -- | 56628 Sqft |
2500 N Hwy 59 #222, Merced, CA,95348 | $82,000 | 3 | 2 | -- | -- |
1370 Dynes Street, Merced, CA,95348 | $545,000 | 6 | 3 | 2,460 | 5250 Sqft |
Elm Ave, Merced, CA,95348 | $299,000 | 3 | 3 | 1,228 | -- |
Beachwood Drive, Merced, CA,95348 | $124,900 | 2 | 1 | 864 | -- |
Utah Street, Merced, CA,95348 | $849,000 | 5 | 2 | 2,262 | -- |
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ByOwner last updated this listing 04/28/2024 @ 10:03
MLS: MC23048755
LISTED BY: Ronald Scanlon, Century 21 Select Real Estate
SOURCE: CRMLS
Buyer Agency Compensation: 1.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.