M
Seller's Agent in 2017
Mike Burrows
London Properties Ltd - Merced
536 W 10th St Merced, CA 95341
South Merced Neighborhood
7
Beds
4
Baths
2,600
Sq Ft
7,500
Sq Ft Lot
Highlights
- All Bedrooms Downstairs
- Victorian Architecture
- Cooling System Mounted To A Wall/Window
- Wooded Lot
- Neighborhood Views
- 4-minute walk to McNamara Park
About This Home
As of February 2017Probably the best List Price:Gross Rent Ratio in the valley . . . WOW . . . Gross Rent is $1900 for this 4-Plex that has three-2 bedroom 1 bath units, and one-1 bedroom 1 bath unit. This hits the old Investor's "1% Rule" that we haven't seen in years. Outstanding and consistent rental income with almost no vacancy. Interior units is good shape, exterior needs a little TLC . . . but at this price it's a great opportunity.
Last Agent to Sell the Property
Mike Burrows
London Properties Ltd - Merced License #01814948 Listed on: 09/09/2016
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1950
Lot Details
- 7,500 Sq Ft Lot
- Property fronts an alley
- Two or More Common Walls
- Wood Fence
- Chain Link Fence
- Fence is in poor condition
- Wooded Lot
Parking
- 3 Car Garage
- 1 Carport Space
Home Design
- Victorian Architecture
- Property Attached
- Fixer Upper
- Frame Construction
- Composition Roof
- Wood Siding
- Lap Siding
Interior Spaces
- 2,600 Sq Ft Home
- Panel Doors
- Neighborhood Views
- Gas Cooktop
- Laundry Room
Flooring
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 7 Bedrooms
- All Bedrooms Down
- 4 Bathrooms
Outdoor Features
- Exterior Lighting
- Outdoor Storage
- Rain Gutters
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Assessor Parcel Number 032064018000
Community Details
Overview
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,200
- Trash Expense $1,176
- Water Sewer Expense $2,160
- New Taxes Expense $831
- Operating Expense $6,450
- Gross Income $1,850
- Net Operating Income $15,750
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/13/2017 02/13/17 | Sold | $153,000 | 0.0% | $59 / Sq Ft |
| 02/03/2017 02/03/17 | Sold | $153,000 | -10.0% | $59 / Sq Ft |
| 12/15/2016 12/15/16 | Pending | -- | -- | -- |
| 12/14/2016 12/14/16 | Pending | -- | -- | -- |
| 12/06/2016 12/06/16 | For Sale | $170,000 | 0.0% | $65 / Sq Ft |
| 10/31/2016 10/31/16 | Pending | -- | -- | -- |
| 09/09/2016 09/09/16 | Price Changed | $170,000 | 0.0% | $65 / Sq Ft |
| 09/09/2016 09/09/16 | For Sale | $170,000 | -2.9% | $65 / Sq Ft |
| 07/18/2016 07/18/16 | Pending | -- | -- | -- |
| 07/07/2016 07/07/16 | Price Changed | $175,000 | -20.4% | $67 / Sq Ft |
| 08/03/2015 08/03/15 | For Sale | $219,900 | 0.0% | $85 / Sq Ft |
| 08/01/2015 08/01/15 | For Sale | $219,900 | -- | $85 / 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 2017
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
8 in this area
5,927 Total Sales
-
Daniel Del Real
Buyer's Agent in 2017
Daniel Del Real
PMZ Real Estate
(209) 750-7019
914 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: MC15170090
APN: 032-064-018
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