NOT LISTED FOR SALE
8 Beds
8 Baths
3,960 Sq Ft
0.45 Acres

Last Sold October 27, 2017

Last sale price $890,000 $225 Per Sq Ft

37 Days on Market

Highlights

  • 0.45 Acre Lot
  • Central Heating and Cooling System
  • 8 Car Garage
  • No HOA

About This Home

As of October 2017

Excellent investment opportunity to own this 8 unit townhome complex. Each unit is approx. 990 sf with 2bdrms/1.5 baths, single car garage, large living area, inside laundry room and small fenced yard. Kitchen amenities include, dishwasher, disposal and freestanding elec. range. Low vacancy rate with potential monthly rents at $925 per month.

Last Agent to Sell the Property

Ryan Smith

Smith & Co. Realty License #01478529 Listed on: 07/01/2017

Co-Listed By

Shauna Teague

Smith & Co. Realty License #01480829

Last Buyer's Agent

Clarence Oliveira

Century 21 Select Real Estate License #01225017

Century 21 Select Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,405

Year Built

  • Built in 1988

Lot Details

  • 0.45

Parking

  • 8 Car Garage

Home Design

  • Composition Roof

Additional Features

  • 2-Story Property
  • 0.45 Acre Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable tv electricity trash collection
  • Assessor Parcel Number 015-142-009-000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 8 Units

Building Details

  • 8 Leased Units
  • 4 Units Leased Month-To-Month
  • Insurance Expense $2,195

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,405

Year Built

Built in 1988

Lot Details

0

Parking

8

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1988
  • Stories: 2
  • Number of Two Bedroom Units: 8
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher,Disposal,Free Standing Electric Range
  • Other Equipment: None
  • Flooring: Carpet,Linoleum/Vinyl

Exterior Features

  • Construction Materials: Stucco,Wood
  • Disclosures/Documents: CC&Rs,Rental/Lease Agmts
  • Listing Price: 900000.00
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 8
  • Parking Features: Garage

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Cooling: Central
  • Heating: Central
  • Utilities Expenses: 3370

Condo/Co-op/Association

  • Association Features: Laundry Hook-Up in Units,Yard Space
  • Association: No

Schools

  • Senior High School District: Hilmar Unified

Lot Info

  • Zoning Description: R-3
  • Lot Size Acres: 0.4500
  • Lot Size Sq Ft: 19602

Rental Info

  • Tenant Pays: Cable TV,Electricity,Trash Collection
  • Total # Leasable: 8

Multi Family

  • Gross Income: 78300
  • Income Includes: Rent Only
  • Insurance Expense: 2195
  • Number of Leased Units: 8
  • Number of Month to Month Units: 4
  • Number of Units: 8
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 015-142-009-000
  • Current RE Taxes: 5405

MLS Schools

  • School District (County): Merced

Range of Values:

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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 Change Sq Ft Price
10/27/2017 10/27/17 Sold $890,000 -1.1% $225 / Sq Ft
08/07/2017 08/07/17 Pending -- -- --
07/01/2017 07/01/17 For Sale $900,000 -- $227 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 17040447

MetroList