NOT LISTED FOR SALE
8 Beds
4 Baths
3,200 Sq Ft
0.55 Acres

Last Sold April 22, 2016

Last sale price $425,000 $133 Per Sq Ft

4 Days on Market

Highlights

  • 0.55 Acre Lot
  • Double Pane Windows
  • Refrigerated and Evaporative Cooling System
  • No HOA

About This Home

As of April 2016

Attention Investors! Excellent opportunity to grow you Real Estate portfolio with this fully rented 8 unit apartment complex in Merced! Each apartment consists of 2 bedrooms, 1 bathroom and a spacious kitchen. Great opportunity to build additional units on this oversized lot which measures roughly 109 feet of street frontage and 220 feet deep. All dual pane windows and a fenced front yard for additional privacy. Close to schools, retail and bus stop. Hurry, wont last long!

Last Agent to Sell the Property

Ernie Ochoa, CCIM

Keller Williams Merced License #01247053 Listed on: 01/30/2016

Keller Williams Merced

Last Buyer's Agent

Manpreet Nagi

Compass License #01454483

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,698

Lot Details

  • 0.55 Acre Lot

Home Design

  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Double Pane Windows

Parking

  • 9 Open Parking Spaces
  • 1 Parking Space Included

Utilities

  • Refrigerated and Evaporative Cooling System
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable tv electricity
  • Assessor Parcel Number 032-261-018-000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 8 Units

Building Details

  • 8 Leased Units
  • Insurance Expense $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,698

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Stories: 2
  • Year Built Details: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Electric Range,Free Standing Refrigerator
  • Other Equipment: None
  • Flooring: Carpet,Linoleum/Vinyl
  • Window Features: Dual Pane Full

Exterior Features

  • Construction Materials: Frame,Stucco,Wood
  • Disclosures/Documents: Rental/Lease Agmts,None
  • Listing Price: 425000.00
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 9
  • Parking Features: 1 Space Per Unit

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Cooling: Evaporative Cooler
  • Heating: Wall Furnace

Condo/Co-op/Association

  • Association Features: Yard Space
  • Association: No

Schools

  • Senior High School District: Merced Union High

Lot Info

  • Zoning Description: R-3-1.5
  • Lot Size Acres: 0.5500
  • Lot Size Sq Ft: 23958

Rental Info

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

Multi Family

  • Income Includes: Rent Only
  • Insurance Expense: 1200
  • Number of Leased Units: 8
  • Number of Units: 8
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 032-261-018-000
  • Current RE Taxes: 3698

MLS Schools

  • School District (County): Merced
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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
04/22/2016 04/22/16 Sold $425,000 0.0% $133 / Sq Ft
02/03/2016 02/03/16 Pending -- -- --
01/30/2016 01/30/16 For Sale $425,000 +28.8% $133 / Sq Ft
12/20/2013 12/20/13 Sold $330,000 -5.4% $103 / Sq Ft View Prior Sale
11/05/2013 11/05/13 Pending -- -- --
07/20/2013 07/20/13 For Sale $349,000 -- $109 / Sq Ft
Source: MetroList

Tax History

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 $8,973 $853,765 $100,814 $752,951
2024 $8,973 $837,120 $98,838 $738,282
2023 $8,849 $820,800 $96,900 $723,900
2022 $8,736 $804,800 $95,000 $709,800
2021 $5,146 $464,532 $131,235 $333,297
2020 $5,186 $459,799 $129,890 $329,909
2019 $5,106 $450,840 $127,344 $323,496
2018 $4,660 $442,056 $124,848 $317,208
2017 $4,837 $433,444 $122,400 $311,044
2016 $3,833 $341,681 $124,263 $217,418
2015 $3,772 $336,568 $122,397 $214,171
2014 $3,697 $330,560 $120,000 $210,560
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 16005198

MetroList