Are you looking for a multi-unit complex with all kinds of potential, well you can stop your search right here. This is a 12 unit complex, 2 buildings with 6 units in each. The units are almost 760 sq feet per unit. All units are 2 bed one bath. The total building space is 9507 sq ft. Each building has its on coin operated laundry, 2 in all. There has been a recent flood that has affected the lower 3 units of each building. Some repairs have been made but are selling the property as is in current condition. The 12 units were being remodeled at the time of the flood. there were 4 newer water heaters and 2 new tub/showers installed on units in the 2610 building and 6 new water heaters and 6 tubs/showers in the 2620 building. Only 1 unit is currently rented at this time. current rent on that unit is $1365 per month. All New doors and security doors were installed prior to flood. New flooring was also installed in some units. Owner also had new stairs and balcony entrance (deck) installed at a cost of around $80,000. All units have central Heat and Air. Each unit also has storage area. There is ample parking for 20 vehicles on paved parking area. This is a hard to find 12 unit complex so reach out today. Selling as is. Buyer to participate in a 1031 exchange at no cost to buyer. SELLER WILL CONSIDER TRADE OF PROPERTIES. ***Updated Photos***
Property Details
Price:
$2,500,000
MLS #:
MC23048755
Status:
Active
Baths:
0
Address:
2610 N State Highway 59
Type:
Residential Income
Subtype:
Apartment
City:
Merced
Listed Date:
Mar 24, 2023
State:
CA
ZIP:
95348
Lot Size:
19,985 sqft / 0.46 acres (approx)
Year Built:
1970
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Schools
Interior
Appliances
Electric Range, Range Hood
Cooling
Central Air
Fireplace Features
None
Flooring
Laminate
Heating
Central
Exterior
Community Features
Gutters, Storm Drains, Street Lights
Electric
220 Volts in Kitchen
Garage Spaces
0.00
Lot Features
0-1 Unit/ Acre, Paved, Utilities – Overhead
Parking Features
Driveway, Paved, Parking Space, Private, Side by Side
Parking Spots
0.00
Pool Features
None
Roof
Composition
Sewer
Public Sewer
Water Source
Public
Financial
Utilities
Cable Available
Map
Community
- Address2610 N State Highway 59 Merced CA
- CityMerced
- CountyMerced
- Zip Code95348
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Courtesy of Century 21 Select Real Estate. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
2610 N State Highway 59
Merced, CA
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