Z
Seller's Agent in 2023
Zoe Alexander
Realty Executives
308 W 20th St Merced, CA 95340
Downtown Merced Neighborhood
2
Beds
1
Bath
5,998
Sq Ft
7,501
Sq Ft Lot
Highlights
- No Units Above
- Laundry Room
- 1-Story Property
About This Home
As of April 2023Knock knock…opportunity here! Are you looking to build your portfolio, or are you seeking a way to utilize a 1031 exchange or are you looking for a property with the benefit of a subsidized mortgage? Either way, this is the opportunity for you! Two lots listed together 308, 310, 312 W. 20th St./ 1927, 1935, 1943 Martin Luther King Jr. Way. 6 TOTAL UNITS located in an OPPORTUNITY ZONE (Census Tract 13.02), which includes special tax benefits, is being sold as two (2) lots combined with dedicated covered resident parking. This multi-family investment is in an emerging area, walking distance from the newly restored Downtown Merced, is a short drive to Merced College and UC Merced, in an area with strong rental growth. Close access to both public transportation, freeways and proposed HIGH-SPEED RAIL STATION. Properties contains (6) two bedroom/one bathroom units. Building has a good rental upside potential. Both buildings are located on the same lot with two separate parcel numbers. Excellent opportunity. Marketing package can be sent by request with more information. All units are currently being rented on month-to-month terms, except for one (1) unit which is partially through a year-long lease. This property is listed at $1.2 million dollars. A PERFECT 1031 OPPORTUNITY!! Take advantage of income-producing investment and Opportunity Zone incentives and purchase an investment property in up and coming Merced. What more could you want from a rental property? THIS ONE HAS IT ALL!
Last Agent to Sell the Property
Zoe Alexander
Realty Executives Of Northern California License #02054494 Listed on: 10/02/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1966
Lot Details
- 7,501 Sq Ft Lot
- No Units Above
- No Units Located Below
- Two or More Common Walls
- Density is 6-10 Units/Acre
- 031071006000
Home Design
- Property Attached
Interior Spaces
- 5,998 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Laundry
- Laundry Room
- Washer Hookup
Parking
- 6 Parking Spaces
- 6 Carport Spaces
Location
- Suburban Location
Listing and Financial Details
- Tenant pays for all utilities, cable TV, electricity, telephone
- Legal Lot and Block 2 / 122
- Assessor Parcel Number 031071005000
- $134 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 6 Units
Building Details
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 6 Separate Water Meters
- Insurance Expense $4,500
- Professional Management Expense $7,458
- Trash Expense $600
- Operating Expense $5,100
- Gross Income $74,580
- Net Operating Income $69,480
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/19/2023 04/19/23 | Sold | $1,050,000 | -12.5% | $175 / Sq Ft |
| 03/08/2023 03/08/23 | Pending | -- | -- | -- |
| 10/02/2022 10/02/22 | For Sale | $1,200,000 | -- | $200 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
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-
NoEmail NoEmail
N
Buyer's Agent in 2023
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
3 in this area
5,889 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: MC22213941
APN: 031-071-005
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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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