NOT LISTED FOR SALE

273 S Canal St Merced, CA 95341

South Merced Neighborhood
6 Beds
6 Baths
3,941 Sq Ft
7,000 Sq Ft Lot

Last Sold November 07, 2023

Last sale price $560,000 $142 Per Sq Ft

6 Days on Market

Highlights

  • 4 Car Attached Garage
  • Walk-In Closet
  • Washer and Dryer
  • El Capitan High School Rated A-
  • Forced Air Heating and Cooling System
  • Carpet

About This Home

As of November 2023

Introducing your opportunity to own an exceptional investment property tucked away in the lively heart of Merced. This meticulously maintained duplex offers two identical and spacious units, each featuring 3 bedrooms and 2.5 bathrooms. Whether you're a seasoned investor or just getting started, this duplex presents an ideal opportunity to grow your portfolio and secure a steady stream of rental income. Don't miss out on this promising investment in a prime Merced location!

Last Agent to Sell the Property

Team Russ Homes

Coldwell Banker Realty License #70010202 Listed on: 09/18/2023

Co-Listed By

Jessica Alves

Coldwell Banker Realty License #02071903

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Home Type

  • Multi-Family

Year Built

  • 2005

Lot Details

  • 7,000

Parking

  • 4 Car Attached Garage

Home Design

  • 3,941 Sq Ft Home
  • Duplex
  • Slab Foundation
  • Composition Roof

Kitchen

  • Electric Cooktop
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan

Additional Features

  • Walk-In Closet
  • Washer and Dryer
  • 7,000 Sq Ft Lot

Listing and Financial Details

  • Total Actual Rent $34,800

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $600
  • Insurance Expense $1,000
  • Maintenance Expense $500
  • Manager Expense $2,784
  • Utility Expense $1,800
  • Operating Expense $12,684
  • Gross Income $34,800

Property Details

Home Type

Multi-Family

Year Built

2005

Lot Details

0

Parking

4

Listing Details

  • Zoning: R-2
  • Subclass: Duplex
  • Age: 18
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3941
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 2005

Interior Features

  • Kitchen: Cooktop - Electric, Dishwasher, Exhaust Fan, Garbage Disposal, Pantry
  • Living Sq Ft: 3941
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Walk-In Closet

Schools

  • School District: Merced Union High
  • Elementary School: Alicia Reyes Elementary
  • Middle School: Tenaya Middle
  • High School: Merced High
  • High School: 30892
  • Elementary School: 30881
  • Middle School: 30876

Lot Info

  • Lot Acres: 0.1607
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 15.78
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1000
  • Expense Landscape: 600
  • Expense Maintenance: 500
  • Expense Management: 2784
  • Expenses Total: 12684
  • Expenses Utility: 1800
  • Income Annual Gross: 34800.00
  • Income Annual Rental: 34800
  • Income Gross Scheduled: 34800
  • Income Includes: Rents
  • Meters: Master Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Maintenance, Utilities - Water
  • Tenant Expenses: Services - Sewer, Utilities - Electric, Utilities - Gas, Utilities - Heating

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 List to Sale Price per Sq Ft Prior Sale
11/07/2023 11/07/23 Sold $560,000 +2.0% $142 / Sq Ft
09/25/2023 09/25/23 Pending -- -- --
09/18/2023 09/18/23 For Sale $549,000 +27.4% $139 / Sq Ft
07/02/2021 07/02/21 Sold $431,000 +14.9% $218 / Sq Ft View Prior Sale
05/21/2021 05/21/21 Pending -- -- --
05/18/2021 05/18/21 Price Changed $375,000 +7.1% $190 / Sq Ft
05/17/2021 05/17/21 For Sale $350,000 -- $177 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    Team Russ Homes

    Coldwell Banker Realty

  • Jessica Alves

    Seller Co-Listing Agent in 2023

    Jessica Alves

    Coldwell Banker Realty

    (209) 202-4675

    1 in this area

    38 Total Sales

    Jessica Alves
    Section Image

  • R

    Buyer's Agent in 2023

    RECIP

    Out of Area Office

  • R

    Seller's Agent in 2021

    Ruth Nightengale

    London Properties Ltd - Merced

    Section Image
  • Jaswinder Singh

    Buyer's Agent in 2021

    Jaswinder Singh

    Tinetti Realty Group

    (209) 205-8979

    2 in this area

    42 Total Sales

    Jaswinder Singh
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81942318

MLSListings

APN: 059-484-011

California Merced County Merced 95341 South Merced

273 S Canal St, Merced, CA

This home is located at 273 S Canal St, Merced, CA 95341 since 18 September 2023. This property was built in 2005. 273 S Canal St is a home located in Merced County with nearby schools including Alicia Reyes Elementary School, Tenaya Middle School, and El Capitan High School.

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