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Leonardo Luna

leolunahomes@gmail.com +1(714) 227-4745

$ 1,025,000

Est. payment | -/mo

0.37 Acres Lot

Save

$ 1,025,000

Est. payment | -/mo

Save

0.37 Acres Lot

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID MC26201033

HOA Y/N No

Year Built 1979

Lot Size 0.372 Acres

Property Sub-Type Mixed Use

Property Description

Fully occupied Merced multifamily investment offered at $1,025,000 with an estimated 5.77% cap rate. This well-maintained 8-unit property features all 2-bedroom, 1-bathroom residences, each approximately 850 square feet, with spacious bedrooms and practical living areas. Current scheduled rents total $9,208 monthly, or $110,496 annually. Convenient access to shopping, schools, public transportation, and UC Merced adds to its rental appeal. An opportunity to expand your portfolio or consider for a 1031 exchange. Estimated cap rate is based on current scheduled rents and annualized reported operating expenses, subject to verification. Buyers should independently verify all income and expenses.

Location

State CA

County Merced

Interior

Heating Central

Cooling Central Air

Fireplaces Type None

Fireplace No

Appliance Electric Range, Refrigerator, Dryer, Washer

Laundry Common Area, Laundry Closet

Exterior

Parking Features Assigned, Asphalt, Concrete, Carport, Guest

Carport Spaces 8

Fence Wood, Wrought Iron

Pool None

Community Features Curbs, Street Lights

View Y/N Yes

View Neighborhood

Roof Type Composition

Total Parking Spaces 14

Private Pool No

Building

Lot Description Back Yard, Landscaped

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 034230002000

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Armando Diaz Soldavi Inc. 209-777-9955, DRE #01496803

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 227-4745

leolunahomes@gmail.com

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1962 1976 Edwards AVE Merced, CA 95340