2355 K St | Merced, CA 95340
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2355 K St
Merced, CA 95340
THE PALMS | 22 UNIT APARTMENT BUILDING · Multifamily Property For Sale
·
22 Units
INVESTMENT HIGHLIGHTS
- Near Downtown and Amtrak Station
- Recently Renovated
- Home of the UC Merced "Bobcats"
- Near restoration of El Capitan and Tioga hotels and Mainzer Theater
PROPERTY FACTS
| No. Units | 22 | Building Size | 11,200 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1960/2024 |
| Building Class | C | Parking Ratio | 2.05/1,000 SF |
| Lot Size | 0.52 AC | ||
| Zoning | R2, Merced - Apartments | ||
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 11,200 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2024 |
| Parking Ratio | 2.05/1,000 SF |
| Zoning | R2, Merced - Apartments |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Range
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- Fenced Lot
- Laundry Facilities
- Gated
- Wheelchair Accessible
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 18 | $1,000 | 411 |
| 1+1 | 4 | $1,200 | 565 |
PROPERTY TAXES
| Parcel Number | 030-183-003 | Improvements Assessment | $2,344,579 |
| Land Assessment | $156,060 | Total Assessment | $2,500,639 |
PROPERTY TAXES
Parcel Number
030-183-003
Land Assessment
$156,060
Improvements Assessment
$2,344,579
Total Assessment
$2,500,639
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