NOT LISTED FOR SALE

1051 E 22nd St Merced, CA 95340

5 Beds
3 Baths
2,783 Sq Ft
0.28 Acres

Last Sold April 24, 2019

Last sale price $250,000 $90 Per Sq Ft

4 Days on Market

Highlights

  • No HOA
  • Washer and Dryer
  • 1-Story Property

About This Home

As of April 2019

Attention real estate investors! Great opportunity to own 3 units on 1 lot in the growing community of Merced and home to U.C. Merced. Located in an established neighborhood only minutes to downtown restaurants, coffee shops, theatre and short drive to U.C. Merced. Live in 1 unit and rent the other 2 to help pay the mortgage or rent all 3. The front house is well kept 2 bed 1 bath and rents for $800. The tastefully done garage conversion is 1 bed 1 bath and rents for $550. Back house which needs work is 2 bed 1 bath and rents for $475. The current below market rents offer great upside potential! With a small investment, this could become a fantastic income producing property.

Last Agent to Sell the Property

Ron Crain

R.J. Real Estate License #01309654 Listed on: 03/21/2019

Last Buyer's Agent

Ron Crain

R.J. Real Estate License #01309654 Listed on: 03/21/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 0.28 Acre Lot

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Washer and Dryer

Listing and Financial Details

  • Tenant pays for cable tv electricity
  • Assessor Parcel Number 034-043-022-000

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Triplex
  • Year Built: 1950
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Electric Oven,Free Standing Electric Range,Free Standing Gas Oven,Free Standing Gas Range
  • Other Equipment: Varies by Unit
  • Flooring: Wood,Linoleum/Vinyl

Exterior Features

  • Construction Materials: Frame,Stucco,Wood
  • Disclosures/Documents: CC&Rs,Rental/Lease Agmts,None
  • Listing Price: 269900.00
  • Roof: Composition

Garage/Parking

  • Parking Features: Varies by Unit

Utilities

  • Cooling: Ceiling Fan(s),Central,Evaporative Cooler,Varies by Unit
  • Heating: Central,Wall Furnace,Varies by Unit
  • Laundry Features: Washer/Dryer

Condo/Co-op/Association

  • Association Features: Yard Space
  • Association: No

Schools

  • Senior High School District: Merced Union High

Lot Info

  • Zoning Description: R-1-6
  • Lot Size Acres: 0.2800
  • Lot Size Sq Ft: 12197

Rental Info

  • Tenant Pays: Cable TV,Electricity
  • Total # Leasable: 3

Multi Family

  • Income Includes: Rent Only
  • Number of Leased Units: 3
  • Number of Month to Month Units: 3
  • Number of Units: 3
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 034-043-022-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Merced

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/24/2019 04/24/19 Sold $250,000 -7.4% $90 / Sq Ft
03/25/2019 03/25/19 Pending -- -- --
03/21/2019 03/21/19 For Sale $269,900 -- $97 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ron Crain

    Seller's Agent in 2019

    Ron Crain

    R.J. Real Estate

    (209) 996-9792

    33 Total Sales

    Ron Crain
    Section Image
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Map

Source: MetroList

MLS Number: 19017443

MetroList

APN: 034-043-022

California Merced County Merced 95340

1051 E 22nd St, Merced, CA

Not Listed for Sale

MultiFamily

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