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Key Details
Sold Price $465,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID MC20191250
Sold Date 12/30/20
HOA Y/N No
Year Built 1986
Lot Size 8,276 Sqft
Acres 0.19
Property Description
Excellent FOUR-PLEX investment opportunity in one of the fastest growing county's in the state! This location is just a short drive to UC Merced, Merced College, Mercy Medical Center and Merced Mall. The vacancy rates in Merced are already historically low making it a perfect time to invest in a multi-family property. You also have Downtown Merced which is on the path of REVITALIZATION with new hotels, plenty of restaurants, theater, nightlife and the future hub for the ACE Train and High Speed Rail! Each unit has 2 bedrooms, 1 1/2 baths with their own private backyards, almost all newer wood fencing and separate storage rooms. Tile floors in the lower level of all units, newer gas ranges, refrigerators are provided for each tenant, a tile roof and a laundry with a coin-operated washer/dryer set for additional income. Exterior of property recently painted and stainless steel kitchen sinks were installed within the last few months. Rents are $800 per unit but are believed to be below market. Hurry, wont last long!
Location
State CA
County Merced
Zoning R-3-1.5
Rooms
Ensuite Laundry Common Area, Outside
Interior
Interior Features All Bedrooms Up
Laundry Location Common Area,Outside
Heating Central, Natural Gas
Cooling Central Air
Flooring Carpet, Tile, Vinyl
Fireplace No
Appliance Gas Range, Gas Water Heater, Range Hood
Laundry Common Area, Outside
Exterior
Garage Assigned, Paved
Fence Wood
Pool None
Community Features Curbs, Street Lights, Sidewalks, Urban
View Y/N Yes
View Neighborhood
Roof Type Spanish Tile
Parking Type Assigned, Paved
Total Parking Spaces 6
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 058150008000
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Kris Klair • Exit Realty Consultants
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960