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149 W 11th Street

Merced, CA 95341
  • $829,900
  • STATUS: Active
  • ON SITE: 52 days
  • MLS #: 221035079
UPDATED: 52 min ago
$829,900
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,600
    SQFT
  • $519
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1980
County:
Area:

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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© 2021 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2021-06-15T08:39:04.067. MetroList® MLS Terms of Use. IDX provided by BoomTown.
www.heidiphonghomes.com/homes/116417290
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149 W 11th Street Merced, CA 95341

  • Price: $829,900
  • Status: Active
  • Updated: 52 min ago
  • MLS #: 221035079
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1,600
SQFT
$519
$/SQFT
1980
Built
Neighborhood:
Merced South
County:
Merced
Area:
Merced South
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 Frame Dock Doors 0 Loading None Num Of Floors 0 Parking Features Open Roof Tile Total Parking Spaces 0

Interior Features

Cooling Wall Unit(S) Flooring TileVaries By Unit Heating Wall Furnace Num Of Elevators 0 Num Of Restrooms 0 Office Sq Ft 0 Retail Sq Ft 0 Warehouse Sq Ft 0

Property Features

Building Features Multiple Tenant Building Business Type Commercial Electric 220 Volts Expiration Date Auxiliary 2021-09-30 Income Includes LaundryRent Lease Deposit 0 Location Neighborhood Num Of Offices 0 Num Of Tenants 0 Property Subtype Mixed Use Property Type Commercial Sale Rentable Yes Sewer Public Sewer Special Listing Conditions Other Tenant Pays See Remarks Utilities Internet Available Water Source Public Year Renovated 0 Zoning R-4

Listing provided courtesy of Svn Executive Commercial Advisors. Listing information © 2021 MetroList Services, Inc.


© 2021 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2021-06-15T08:39:04.067. MetroList® MLS Terms of Use. IDX provided by BoomTown.
 
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Heidi Phong Real Estate Team - HP Real Estate
9105 Bruceville Rd, Suite 6A
Elk Grove CA, 95758