1725-1735 W North Bear Creek Dr | Merced, CA 95348
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1725-1735 W North Bear Creek Dr
Merced, CA 95348
Cap Rate: 6.23% | Proforma Cap Rate: 8.03% · Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
- Prime 12-Unit Townhome Complex: Featuring two-story townhomes with spacious two-bedroom, one-and-a-half-bathroom units.
- Value-Added Opportunity: Potential to increase rental income by raising rents to market levels
- Strong Rental Demand: Located in a thriving market with high demand for quality rental housing in Merced.
- Increasing Cap Rate: Proforma projections show an annually increasing cap rate from the current 6.23% to 7.07% (Year 1), 7.84% (Year 2), and 8.03%.
- Utility Savings: Ratio Utility Billing System (RUBS) will be implemented on September 1, 2024, for efficient utility management.
- Stable Investment: Long-term rental history with consistent occupancy.
PROPERTY FACTS
| No. Units | 12 | Lot Size | 0.52 AC |
| Property Type | Multifamily | Building Size | 11,000 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1983 |
| Building Class | C | ||
| Zoning | R-3-1.5 | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 11,000 SF |
| No. Stories | 2 |
| Year Built | 1983 |
| Zoning | R-3-1.5 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 12 | - | - |
PROPERTY TAXES
| Parcel Number | 058-150-047 | Improvements Assessment | $1,650,000 |
| Land Assessment | $175,000 | Total Assessment | $1,825,000 |
PROPERTY TAXES
Parcel Number
058-150-047
Land Assessment
$175,000
Improvements Assessment
$1,650,000
Total Assessment
$1,825,000
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