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Seller's Agent in 2017
David Bezeau
HomeBay Broker CA, Inc
144 W 20th St Merced, CA 95340
Downtown Merced Neighborhood
7
Beds
5
Baths
3,221
Sq Ft
1942
Built
Highlights
- No HOA
- Central Air
- Heating System Uses Natural Gas
- Tile Flooring
- Level Lot
- 1-Story Property
About This Home
As of October 2017100% Occupied, turn-key investment property in the heart of downtown Merced. 5 units provide a very desirable unit mix of two 2 bd/1 ba, two 1 bd/1 ba, and one studio. Low maintenance stucco exterior, tile floors in all units, and excellent property mgmt in place make this a rare opportunity to buy near growing UC Merced and generate strong cash flow. All tenants are on 12 month leases. Rents: $3,055/month. 2 bds at $695 & $675, 1 bds at $595, and studio at $495. *Write offers subject to inspection. Interiors of units will only be shown to buyer once offer is accepted.*
Last Agent to Sell the Property
David Bezeau
HomeBay Broker CA, Inc License #01331414 Listed on: 09/06/2017
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1942
Lot Details
- 7,501 Sq Ft Lot
- 1 Common Wall
- Level Lot
- Density is 2-5 Units/Acre
Home Design
- Quadruplex
- Raised Foundation
- Composition Roof
Interior Spaces
- 3,221 Sq Ft Home
- 1-Story Property
- Tile Flooring
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Bathrooms
Parking
- Parking Available
- Unassigned Parking
Utilities
- Central Air
- Heating System Uses Natural Gas
- Radiant Heating System
Additional Features
- Exterior Lighting
- Suburban Location
Listing and Financial Details
- Tax Lot 11
- Assessor Parcel Number 031081003000
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 5 Units
Building Details
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- Insurance Expense $1,200
- Other Expense $3,132
- Professional Management Expense $2,928
- Trash Expense $1,320
- Water Sewer Expense $2,640
- New Taxes Expense $2,160
- Operating Expense $13,380
- Gross Income $36,600
- Net Operating Income $23,220
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/03/2017 10/03/17 | Sold | $340,000 | +0.3% | $106 / Sq Ft |
| 09/06/2017 09/06/17 | For Sale | $339,000 | -- | $105 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
-
Teri Kleinen
Buyer's Agent in 2017
Teri Kleinen
BHGRE Everything Real Estate
(209) 261-4509
17 in this area
168 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC17193352
APN: 031-081-003
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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