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    617 W Santa Fe Avenue

    Merced, CA 95340
    • $1,150,000
    • STATUS: Active
    • ON SITE: 215 days
    • ID#: MC20210154
    UPDATED: 60 min ago
    $1,150,000
    • 0
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,000
      SQFT
    • $192
      $/SQFT
    Type:
    Multi-Family
    Built:
    1980
    County:

    School Ratings & Info

    Description

    Rare opportunity to buy ten units by Applegate Park, easy walk. Tenants can walk to anything they need from this location.List price is under replacement cost, in a growing community anchored by UC Merced and a new expanding cannabis industry.Excellent investment opportunity near UC Merced. These ten units have been well maintained and remodeled on a change of tenant.Two single story buildings, each with five units. The complex is in easy walking distance to Police Department, Courthouse, Applegate Park, Schools, Medical Offices, US Post Office, Downtown, 5 banks, new UC Downtown building and convenient to bus stops.All units have one bedroom, bathroom, kitchen, dining area, kitchen bar area to eat,electric stove/range, dishwasher, disposal, central HVAC.Two uncovered parking spaces per unitOnsite laundry room (Consigned to Webb Laundry)Complex has been full for several years. Collected rents thru cov-19 and rent roll is current.The property is subjection to inspection of accepted offer. Do not disturb tenants.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-10T19:36:26.273. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.
    www.thealvaradobrothers.com/homes/110744702
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    617 W Santa Fe Avenue Merced, CA 95340

    • Price: $1,150,000
    • Status: Active
    • Updated: 60 min ago
    • ID#: MC20210154
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    6,000
    SQFT
    $192
    $/SQFT
    1980
    Built
    County:
    Merced
    Property Description
    Rare opportunity to buy ten units by Applegate Park, easy walk. Tenants can walk to anything they need from this location.List price is under replacement cost, in a growing community anchored by UC Merced and a new expanding cannabis industry.Excellent investment opportunity near UC Merced. These ten units have been well maintained and remodeled on a change of tenant.Two single story buildings, each with five units. The complex is in easy walking distance to Police Department, Courthouse, Applegate Park, Schools, Medical Offices, US Post Office, Downtown, 5 banks, new UC Downtown building and convenient to bus stops.All units have one bedroom, bathroom, kitchen, dining area, kitchen bar area to eat,electric stove/range, dishwasher, disposal, central HVAC.Two uncovered parking spaces per unitOnsite laundry room (Consigned to Webb Laundry)Complex has been full for several years. Collected rents thru cov-19 and rent roll is current.The property is subjection to inspection of accepted offer. Do not disturb tenants.
    Exterior Features

    Entry Level 1 Lot Features Corners Marked Number Of Separate Electric Meters 10 Open Parking Spaces 10 Parking Features Assigned Parking Total 10 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Appliances Built-In RangeElectric OvenElectric RangeRefrigerator Common Walls 1 Common Wall Cooling Central Air Cooling YN Yes Fireplace Features BathDining RoomFamily RoomKitchen Fireplace YN Yes Flooring Carpet Heating CentralNatural Gas Heating YN Yes Interior Features All Bedrooms DownWalk-In Closet(S)

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 6.7 Common Interest None Community Features Suburban Garage YN No Gross Income 72000 Gross Scheduled Income 94200 Insurance Expense 5000 Land Lease YN No Laundry Features Common Area Levels One Listing Agreement Seller Reserved Listing Service Full Service Listing Terms Cash1031 Exchange Maintenance Expense 2000 Net Operating Income 65200 New Construction YN No New Taxes Expense 12000 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 1 Number Of Units Leased 10 Operating Expense 29000 Pest Control Expense 800 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGasTelephone Total Actual Rent 6000 Trash Expense 3000 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Water Sewer Expense 4000 Water Source Public Zoning R-3-1.5

    Listing provided courtesy of Mark Yandow of Yandow Realty Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-10T19:36:26.273. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.
     
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