NOT LISTED FOR SALE

2181 Keely Ave Merced, CA 95340

7 Beds
4 Baths
1,080 Sq Ft
0.41 Acre Lot

Sale Details

Date Sold: August 31, 2012

Last sale price $188,000 $174 Per Sq Ft

119 Days on Market

About This Home

As of August 2012

This opportunity is for 3 houses on a single parcel. Each house has been completely remodeled since property was acquired on a short sale in 2010. There are three houses, one parcel, one APN.
1788 East 22nd 1 bedroom, rented at $ 550
2169 Keely, 2 bedroom, rent of $745
2181 Keely, 4 bd rented at $ 950
Under excellent local property management, monthly fee of $ 100.
Water-sewer runs ~ $ 191 a month

This is subject to inspection and the leases. Please do not disturb the tenants.
Estimated net operating income is ~ $ 20,000, making this a 10% cap rate.

Last Agent to Sell the Property

Mark Yandow

Yandow Realty Group License #00594950 Listed on: 03/13/2012

Last Buyer's Agent

Mark Yandow

Yandow Realty Group License #00594950 Listed on: 03/13/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 0.41

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 1,080 Sq Ft Home

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Additional Features

  • 17,855 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for exterior maintenance, gas, grounds care
  • Assessor Parcel Number 034121019000

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Professional Management Expense $1,200
  • Trash Expense $460
  • Water Sewer Expense $2,280
  • New Taxes Expense $2,000
  • Gross Income $2,245
  • Net Operating Income $20,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0.41 Acres

Parking

2

Listing Details

  • CapRate: 10.00
  • Professional Management Expense: 1200.00
  • Water Sewer Expenses: 2280.00
  • Property Type: Residential Income
  • Parcel Number: 034121019000
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: One
  • Price Per Square Foot: 174.07

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Heating Type: Wall Furnace
  • Trash Expense: 460.00

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 17855.00
  • Lot Size Acres: 0.4100

Rental Info

  • Tenant Pays: Exterior Maintenance, Gas, Grounds Care

Multi Family

  • Average1 Bed Area: 600
  • Average2 Bed Area: 900
  • Average3 Bed Area: 1500
  • Gross Income: 2245.00
  • Gross Scheduled Income: 26490.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 17855.0000 Square Feet
  • Net Operating Income: 20000.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 6490.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 2000.00
  • Tax Year: 2011
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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/31/2012 08/31/12 Sold $188,000 -6.0% $174 / Sq Ft
07/10/2012 07/10/12 Pending -- -- --
03/13/2012 03/13/12 For Sale $200,000 -- $185 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,456 $231,495 $22,158 $209,337
2024 $2,456 $226,957 $21,724 $205,233
2023 $2,422 $222,508 $21,299 $201,209
2022 $2,390 $218,146 $20,882 $197,264
2021 $2,384 $213,870 $20,473 $193,397
2020 $2,402 $211,678 $20,264 $191,414
2019 $2,362 $207,528 $19,867 $187,661
2018 $2,156 $203,460 $19,478 $183,982
2017 $2,237 $199,472 $19,097 $180,375
2016 $2,202 $195,562 $18,723 $176,839
2015 $2,168 $192,625 $18,442 $174,183
2014 $2,121 $188,852 $18,081 $170,771
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC12033402

California Regional Multiple Listing Service (CRMLS)

APN: 034-121-019

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