NOT LISTED FOR SALE

2324 Q St Merced, CA 95340

Downtown Merced Neighborhood
2 Beds
2 Baths
1,920 Sq Ft
5,000 Sq Ft Lot

Last Sold December 14, 2023

Last sale price $305,000 $159 Per Sq Ft

7 Days on Market

Highlights

  • No HOA
  • Guest Parking
  • Laundry Facilities
  • Fenced Yard
  • 2 Car Garage
  • 5-minute walk to Applegate Park

About This Home

As of December 2023

This duplex property in Merced is a turnkey investment opportunity, conveniently located in the heart of Merced. Both units have recently undergone renovations, ensuring their modern appeal. One unit is currently vacant, while the other is already occupied, highlighting the high demand for rental properties in this college town. The current capitalization rate (CAP) stands at 6.15%, but with a projected rental median analysis of $1300 per unit, the potential pro forma CAP rate reaches an enticing 8.56%. Moreover, this property presents the possibility of converting the garages into additional units, with the city confirming the option to add an ADU on the spacious lot. Covered parking, as well as two garages, provide ample space for vehicles. Separate gas and electric meters for each unit, ensuring convenient utilities management. Whether you're an experienced investor seeking an excellent opportunity or an individual interested in living in one unit while renting out the other, this property offers an amazing return on investment.

Last Agent to Sell the Property

colin hoogendoorn

HomeSmart PV & Associates License #02221855 Listed on: 10/30/2023

HomeSmart PV & Associates

Last Buyer's Agent

Diana Markas-Khamo

HomeSmart PV & Associates License #02158213

HomeSmart PV & Associates

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945 | Remodeled

Lot Details

  • 5,000 Sq Ft Lot
  • Fenced Yard

Parking

  • 2 Car Garage
  • 4 Carport Spaces
  • Guest Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Concrete Foundation
  • Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 2-Story Property
  • Vinyl Flooring

Kitchen

  • Built-In Gas Oven
  • Built-In Gas Range
  • Free-Standing Freezer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Window Unit Cooling System
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 030-161-012-000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 1 Leased Unit
  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Year Built

Built in 1945 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments,House(s)
  • Property Subtype 1: Duplex
  • Year Built: 1945
  • Levels: Two
  • Stories: 2
  • Number of One Bedroom Units: 2
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Refrigerator, Built-In Gas Oven, Built-In Gas Range, Free Standing Freezer
  • Flooring: Vinyl
  • Price Per Square Foot: 317.71

Exterior Features

  • Construction Materials: Stucco, Frame
  • Exterior Features: Fenced Yard, Yard Space
  • Foundation: Concrete, ConcretePerimeter
  • Listing Price: 305000.00
  • Lot Features: Shape Regular
  • Property Condition: Updated/Remodeled
  • Roof: Composition

Garage/Parking

  • Carport Spaces: 4.00
  • Covered Parking Spaces: 6.00
  • Garage Spaces: 2.00
  • Parking Features: Off Street, Carport, Garage, Guest Parking Available
  • Total Parking Spaces: 6.00

Utilities

  • Security: Carbon Mon Detector, Smoke Detector
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, City, Electric
  • Cooling: Window Unit(s)
  • Heating: Wall Furnace
  • Laundry Features: In Common Area
  • Water Source: Public
  • Separate Meters: Electricity,Gas

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Merced Union High

Lot Info

  • Zoning Description: R 1-6
  • Irrigation: Public District
  • Lot Size Acres: 0.1148
  • Lot Size Sq Ft: 5000.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas
  • Total # Leasable: 2

Multi Family

  • Income Includes: Rent Only
  • Number of Leased Units: 1
  • Number of Units: 2
  • Number of Vacant Units: 1

Tax Info

  • Assessor Parcel Number: 030-161-012-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Merced

Range of Values:

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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 Change Sq Ft Price
12/14/2023 12/14/23 Sold $305,000 0.0% $159 / Sq Ft
11/06/2023 11/06/23 Pending -- -- --
10/30/2023 10/30/23 For Sale $305,000 +56.4% $159 / Sq Ft
12/16/2020 12/16/20 Sold $195,000 -14.8% $81 / Sq Ft
11/11/2020 11/11/20 Pending -- -- --
10/02/2020 10/02/20 For Sale $229,000 0.0% $95 / Sq Ft
08/26/2020 08/26/20 Pending -- -- --
08/12/2020 08/12/20 For Sale $229,000 +23.8% $95 / Sq Ft
04/20/2020 04/20/20 Sold $185,000 0.0% $77 / Sq Ft
03/08/2020 03/08/20 Pending -- -- --
02/19/2020 02/19/20 For Sale $185,000 -- $77 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • colin hoogendoorn

    Seller's Agent in 2023

    colin hoogendoorn

    HomeSmart PV & Associates

    (209) 815-2887

    1 in this area

    12 Total Sales

    colin hoogendoorn
    Section Image

  • D

    Buyer's Agent in 2023

    Diana Markas-Khamo

    HomeSmart PV & Associates

    (209) 544-2500

    1 in this area

    13 Total Sales

    Diana Markas-Khamo
    Section Image
  • Mark Yandow

    Seller's Agent in 2020

    Mark Yandow

    Yandow Realty Group

    (209) 270-7891

    7 Total Sales

    Mark Yandow
    Section Image
  • Smita Patel

    Seller's Agent in 2020

    Smita Patel

    Realty Executives

    (209) 981-6740

    1 in this area

    26 Total Sales

    Smita Patel
    Section Image

  • M

    Buyer's Agent in 2020

    MLS Non

    Non MLS Participant

  • N

    Buyer's Agent in 2020

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    3 in this area

    5,868 Total Sales

    NoEmail NoEmail
    Section Image
See All Agents

Map

Source: MetroList

MLS Number: 223104934

MetroList

APN: 030-161-012

California Merced County Merced 95340 Downtown Merced

2324 Q St, Merced, CA

This home is located at 2324 Q St, Merced, CA 95340 since 30 October 2023. This property was built in 1945. 2324 Q St is a home located in Merced County with nearby schools including Fremont Elementary School, Herbert Hoover Middle School, and Merced High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MetroList IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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