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    149 W 11th Street

    Merced, CA 95341
    • $829,900
    • STATUS: Active
    • ON SITE: 101 days
    • ID#: MC21078282
    UPDATED: 10 min ago
    $829,900
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1980
    County:

    School Ratings & Info

    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!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-03T10:25:21.66. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
    www.therealestategirl.com/homes/116416494
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    149 W 11th Street Merced, CA 95341

    • Price: $829,900
    • Status: Active
    • Updated: 10 min ago
    • ID#: MC21078282
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1980
    Built
    County:
    Merced
    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!
    Exterior Features

    Construction Materials FrameWood Siding Lot Features 6-10 Units/Acre Roof Tile

    Interior Features

    Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes

    Property Features

    Additional Parcels YN No Common Interest Community Apartment Electric 220 Volts Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventionalSubmit Property Sub Type Multi Family Special Listing Conditions Standard Utilities Cable AvailableElectricity AvailableWater Available Water Source Public

    Listing provided courtesy of Randy Hayer of Svn Executive Commercial Advisors


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-03T10:25:21.66. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
     
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