NOT LISTED FOR SALE
3 Beds
2 Baths
1,600 Sq Ft
7,405 Sq Ft Lot

Last Sold April 25, 2018

Last sale price $225,000 $141 Per Sq Ft

73 Days on Market

Highlights

  • Balcony
  • Security Gate
  • Laundry Room
  • Enclosed patio or porch
  • Security Service
  • Tile Flooring

About This Home

As of April 2018

Solid loans or cash only-Updated to ALL 2017 building codes- Positive Cash Flow, newly renovated, duplex, zero maintenance & ready for tenants or owner occupied. Zoned R-3, ready to build another unit on this large lot over 7400 sqft. This property has separate meters, separate addresses, fire prevention wall between units, fire sprinklers & it's vacant that makes this duplex one of kind. Near UC Merced (CatTracks bus stop is 2 blocks away), New UC Ext, Police dept, freeway, shopping and dining. Permits on file- this duplex has NEW: plumbing, electrical, bathrooms, kitchens, appliances, roof, paint, maintenance free landscaping. #121 has 2bd/1ba w/ fireplace, laundry room and private courtyard with 2 exits. #123 has 1bd/1ba with a large bedroom and an eat in kitchen. Both units have w/d hookups and can have separate outdoor living spaces with private secure parking with alley access. This duplex is a must see and instant $$ maker. UC Merced to add 7,000 students by 2020!!!

Last Agent to Sell the Property

Tanya Michelle Williams

One World Estates License #01717085 Listed on: 01/04/2018

Last Buyer's Agent

Teresa Kleinen

BHG R.E. Everything R.E. License #01961434

Property Details

Home Type

  • Multi-Family

Year Built

  • 1956

Lot Details

  • 7,405 Sq Ft Lot
  • Security Fence
  • Drought Tolerant Landscaping
  • Back Yard

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1,600 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Home Security

  • Security Lights
  • Security Gate

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Assigned Parking

Outdoor Features

  • Balcony
  • Enclosed patio or porch

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Separate Meters
  • 220 Volts
  • Community Sewer or Septic

Listing and Financial Details

  • Total Actual Rent $19,200

Community Details

Overview

Building Details

  • Insurance Expense $500
  • Utility Expense $1,000
  • Trash Expense $1,000
  • Operating Expense $3,700
  • Gross Income $18,241

Additional Features

  • Courtyard
  • Security Service

Property Details

Home Type

Multi-Family

Year Built

1956

Lot Details

0

Listing Details

  • Zoning: R-3-1.5
  • Subclass: Duplex
  • Age: 62
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1600
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1956

Interior Features

  • Kitchen: 220 Volt Outlet, Cooktop - Electric, Dishwasher, Exhaust Fan, Garbage Disposal, Oven - Electric
  • Living Sq Ft: 1600
  • Stories: 1
  • Security: Security Fence, Security Lights, Security Service
  • Laundry: Hookups Only
  • Flooring: Carpet, Laminate, Tile
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Sealed Crawlspace
  • Roof: Composition
  • Yard/Grounds: Back Yard, Balcony / Patio, Courtyard, Drought Tolerant Plants, Fenced, Porch - Enclosed

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Assigned Spaces, Enclosed, Parking Area, Room For Oversized Vehicle
  • Carport Min: 4

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Community Sewer / Septic

Association/Amenities

  • Amenities Miscellaneous: Security Gate

Schools

  • School District: Merced Union High
  • Elementary School: John Muir Elementary
  • High School: Merced High
  • High School: 30892
  • Elementary School: 30872

Lot Info

  • Lot Description: Regular
  • Lot Acres: 0.1700
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7405.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7405.00

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 11.93

Multi Family

  • Utilities: Individual Electric Meters
  • Expense Insurance: 500
  • Expenses Total: 3700
  • Expenses Utility: 1000
  • Expense Trash: 1000
  • Income Annual Gross: 18241.00
  • Income Annual Rental: 19200
  • Income Gross Scheduled: 19201
  • Income Includes: Improvements, Rents
  • Income Other: 1
  • Meters: Master Water, Separate Electric
  • Number Of Buildings: 1
  • Tenant Expenses: Utilities - Electric
  • Vacancy Factor: 5

Range of Values:

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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 Change Sq Ft Price
04/25/2018 04/25/18 Sold $225,000 -1.7% $141 / Sq Ft
03/19/2018 03/19/18 Pending -- -- --
02/28/2018 02/28/18 Price Changed $228,999 -3.2% $143 / Sq Ft
01/04/2018 01/04/18 For Sale $236,500 -- $148 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81690007

MLSListings