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1911 U St
Merced, CA 95340
Multifamily Property For Sale
·
18 Units
PROPERTY FACTS
| No. Units | 18 | Lot Size | 1.38 AC |
| Property Type | Multifamily | Building Size | 14,923 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1955 |
| Building Class | B | Parking Ratio | 1.18/1,000 SF |
| Zoning | R-2 - Residential | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.38 AC |
| Building Size | 14,923 SF |
| No. Stories | 1 |
| Year Built | 1955 |
| Parking Ratio | 1.18/1,000 SF |
| Zoning | R-2 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Fireplace
- Washer/Dryer Hookup
- Yard
- Family Room
- Lawn
- Vinyl Flooring
- Window Coverings
ABOUT 1911 U ST , MERCED, CA 95340
Marcus & Millichap is pleased to present an 18-unit apartment property located in Merced, California. The city of Merced is located in the heart of the California Central Valley, about 60 miles northof Fresno and 70 miles south of Stockton. This unique offering consists of three one-bedroom/one-bathroom triplex units, thirteen two-bedroom/one-bathroom duplex units, one three-bedroom/ two-bathroom duplex unit and one two-bedroom/one-bathroom single family home. The subject property is on four adjacent parcels and totals 1.7 acres. Amenities at the property include central HVAC, private backyards, covered parking, washer and dryer hookups, as well as fireplaces and garages in select units. The subject property is located in the heart of Merced with a population of over 80,000. This location affords the residents easy access to shopping, restaurants and entertainment. Located just minutes from the property is the Merced Mall with retailers like JCPenney, Sears, and Target. The right buyer for this property will be looking for a value-add opportunity in a strong tertiary submarket. A new owner will be able to immediately raise rents across the board and increase monthly gross income by more than $4,000. There is also an opportunity to purchase a portion of the units using residential financing, allowing the new owner to secure inexpensive debt fixed for 30 years.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | 620 |
| 2+1 | 14 | - | 800 - 1,163 |
| 3+2 | 1 | - | 1,500 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,272,736 | |
| Land Assessment | $281,219 | Total Assessment | $1,553,955 |
PROPERTY TAXES
