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(209) 583-3822
Real Estate Company
1962 1976 Edwards Avenue, Merced, CA 95340
- $1,025,000
- List Price
- $1,025,000
- Price Change
- ▼ $74,000 1794615935
- Status
- ACTIVE
- MLS#
- MC26201033
- Year Built
- 1979
- Lot Size
- 16,203
- Acres
- 0.37
- Lot Location
- Back Yard, Landscaped
- Days on Market
- 60
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
Property Description
Fully occupied Merced multifamily investment offered at $1,025,000 with an estimated 5.77% cap rate. This well-maintained 8-unit property features all 2-bedroom, 1-bathroom residences, each approximately 850 square feet, with spacious bedrooms and practical living areas. Current scheduled rents total $9,208 monthly, or $110,496 annually. Convenient access to shopping, schools, public transportation, and UC Merced adds to its rental appeal. An opportunity to expand your portfolio or consider for a 1031 exchange. Estimated cap rate is based on current scheduled rents and annualized reported operating expenses, subject to verification. Buyers should independently verify all income and expenses.
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Additional Information
- Appliances
- Electric Range, Refrigerator, Dryer, Washer
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- Neighborhood
- Exterior Construction
- Frame, Stucco
- Roof
- Composition
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $110,496
- Operating Expense
- 51369
Listing courtesy of Listing Agent: Armando Diaz (a.diaz@soldavi.com) from Listing Office: Soldavi Inc..
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.