Address
617 W Santa Fe Avenue Merced, CA
Price
$ 1,150,000
Property Attributes
  • MLS#MC20210154
  • TypeIncome
  • CountyMERCED
  • CityMerced
  • Zip95340
  • Style
  • Price$ 1,150,000
  • Bedrooms10
  • Full Bathrooms10
  • Half Bathrooms0
  • Lot Size0.34 Acres
Listing Provided Courtesy Of:
Mark Yandow with Yandow Realty Group.
Data Source:
CRMLS
Property Description

Rare opportunity to buy ten units by Applegate Park, easy walk. Tenants can walk to anything they need from this location. List price is under replacement cost, in a growing community anchored by UC Merced and a new expanding cannabis industry. Excellent investment opportunity near UC Merced. These ten units have been well maintained and remodeled on a change of tenant. Two single story buildings, each with five units. The complex is in easy walking distance to Police Department, Courthouse, Applegate Park, Schools, Medical Offices, US Post Office, Downtown, 5 banks, new UC Downtown building and convenient to bus stops. All units have one bedroom, bathroom, kitchen, dining area, kitchen bar area to eat,electric stove/range, dishwasher, disposal, central HVAC. Two uncovered parking spaces per unit Onsite laundry room (Consigned to Webb Laundry) Complex has been full for several years. Collected rents thru cov-19 and rent roll is current. The property is subjection to inspection of accepted offer. Do not disturb tenants.

Price History
10/6/2020 Listed $1,100,000
11/3/2020 1% - $1,095,000

General Features

Appliances Built-In Range, Electric Oven, Electric Range, Refrigerator
Community Features Suburban
Cooling Central Air
Flooring Carpet
Heating Central, Natural Gas
Interior Features All Bedrooms Down, Walk-In Closet(s)
Levels One
Open Parking Spaces 10
Parking Features Assigned
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Rooms Living Room, Kitchen, Entry/Foyer, Bedroom
Sewer Public Sewer
Terms Cash, 1031 Exchange
Total Actual Rent 6000
Total Units 10
Utilities Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Water Sewer Expense 4000
Zoning R-3-1.5

Interior Features

Air Conditioning Y/N Yes
Common Walls 1 Common Wall
Fireplace Features Bath, Dining Room, Family Room, Kitchen
Fireplace Y/N Yes
Heating Y/N Yes
Laundry Features Common Area

Exterior Features

Lot Features Corners Marked
Lot Size Acres 0.34
Lot Size Area 15002
Lot Size Source Assessor
Lot Size Square Feet 15002
Lot Size Units Square Feet
Number of Buildings 2
Number of Separate Electric Meters 10
Number of Separate Gas Meters 10
Number of Separate Water Meters 1
Total Parking 10
Water Source Public

Room Details

Room Dimensions Level Flooring Details
Bedroom
Entry/Foyer
Kitchen
Living Room

Amenities

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

Property vs Zip Code Average in 95340

Price
AVG $580K
$1.15M
Visits
AVG 117
57
Year Built
AVG 1943
1980
Walkscore
AVG 60
43
Data Provided by Walkscore ® not using MLS data

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