$2,500,000 $13,421 est/mo Sourced by Back At You

2610 N State Highway 59,Merced, CA 95348

Merced CA, 95348

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Description

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***

Details

Listing IDMC23048755
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Days On Site426
Listing Provided ByCentury 21 Select Real Estate | Ronald Scanlon

Features

Bed(s)2
Units12
ZoningSeller
Acreage0.46

Market Activity 95348

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Learn More About This Property

StateCA
CountyMerced
CityMerced
Zip Code95348
Listing VS Median (in 95348)
Price:
$2,500,000
low | high
Med:
$484,402
100% of Average
On Site:
426
low | high
Med:
42.000000
100% of Average
Sourced by Back At You
Listing Updated: May 23, 2024 at 8:13:50 PM PDT
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