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Listed by Jeff Nightengale • London Properties Ltd - Merced
$1,600,000
Est. payment /mo
8,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $200
MLS Listing ID CRMC25152545
HOA Y/N No
Year Built 1975
Lot Size 0.344 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
A 14-unit complex with 14 large 1 bed, 1 bath units approximately 600 sq ft each. Priced at a little over $114,000 per unit, delivering a 6%+ cap rate at the asking price. This complex offers on site laundry with its own individual room and the entire perimeter is gated for extra security and safety located in downtown Merced. Each unit comes with it's own parking space inside the gated area and storage space to store your additional personal items. All the units were upgraded with newer dual pane windows and are all rented out and in good condition.
Location
State CA
County Merced
Interior
Heating Other
Fireplace No
Laundry Laundry Room, Inside
Building
Lot Description Corner Lot, Paved
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