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Mike Southwick
Century 21 Select Real Estate
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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.SELLER WILL CONSIDER TRADE OF PROPERTIES. ***Updated Photos***
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Sewer: Public Sewer
Laundry Features: In Common Area
Laminate
Heating: Central
Cooling: Central
Water Source: Public
Stories: 2
Construction: Wood
Foundation Details: SeeRemarks
Foundation Details: SeeRemarks
In Common Area
Lot Description: Other
Lot Square Feet: 19,985
Stories: 2
Property Type: ResidentialIncome
Sub Type: 5 or More Units
Construction Materials: Wood
Cross Street: W N Bear Creek Dr
Source Neighborhood: 20407
Postal Code Plus 4: 4342
Area: Merced S: 95348
Zoning: R-3-1.5
Structure Type: Apartments
Irrigation Source: None
Listing Id: 223024085
List Price: $2,500,000
Parcel Number: 058-140-010-000
Parking Total: 20
Off Street,Open,Side-by-Side
Association YN : No
Calculated Total Monthly Association Fees : $0
Elementary School District: Merced City
Junior High School District: Merced City
Senior High School District: Merced Union High
Cable Available
Direction: W on Olive, Left on N State Highway 59
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 |
2610 N State Highway 59, Merced, CA,95348 | $2,500,000 | -- | -- | 9,096 | 19985 Sqft |
2434 N State Highway 59, Merced, CA,95348 | $450,000 | -- | -- | -- | 100188 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 | -- |
ByOwner last updated this listing 05/13/2024 @ 06:55
MLS: 223024085
LISTED BY: Mike Southwick, Century 21 Select Real Estate
SOURCE: MLS Metrolist
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.