Address
149 W 11th Street Merced, CA
Price
$ 829,900
Property Attributes
  • MLS#MC21078282
  • TypeCommercial
  • CountyMERCED
  • CityMerced
  • Zip95341
  • StyleMulti Family
  • Price$ 829,900
  • Bedrooms2
  • Full Bathrooms8
  • Half Bathrooms0
  • Lot Size7,501 SqFt
Listing Provided Courtesy Of:
Randy Hayer with SVN Executive Commercial Advisors - 209-765-3767
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

TURNKEY, Remodeled, Income producing 8 unit Apartment Complex for sale in Merced near UC Merced. 8plex containing 2-1 bedroom, and 1 Bath units and 6 studio apartments that have been recently renovated. Buyer to verify square footage. 100 Percent Occupied (Rents paid during 2020-2021 Pandemic). Proforma Cap Rate is 7.5% due to Below market rents with a Huge Upside! High 6.34% Cap Rate at current rents. Laundry facilities are on-site. Tile roof with a new 2-year warranty. Large Lot at .17 Acre. Built in 1980, Easy to manage, low maintenance rentals with little or no deferred maintenance. Buyer to verify condition during inspection upon accepted offer. Extremely low inventory, Will be sold quickly! Call now!

Price History
4/23/2021 Listed $829,900

General Features

Construction Materials Frame, Wood Siding
Cooling Central Air
Electric 220 Volts
Heating Central
Listing Agent Randy Hayer - BRE#01251542
Listing Agent State License 01251542
Property Sub Type Additional Multi Family
Property SubType Multi Family
Property Type Commercial Sale
Roof Tile
Special Listing Conditions Standard
Status Active
Terms Cash, Conventional, Submit
Total Units 8
Utilities Cable Available, Electricity Available, Water Available

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes
Laundry Features Common Area

Exterior Features

Lot Features 6-10 Units/Acre
Lot Size Acres 0.17
Lot Size Area 7501
Lot Size Source Assessor
Lot Size Square Feet 7501
Lot Size Units Square Feet
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 95341

Price
AVG $530K
$830K
Visits
AVG 37
33
Year Built
AVG 1978
1980
Walkscore
AVG 35
81
Data Provided by Walkscore ® not using MLS data