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- LoopNet Team
3100 Denver Ave
Merced, CA 95348
Buena Vista Apartments · Multifamily Property For Sale
·
64 Units
PROPERTY FACTS
| No. Units | 64 | Building Size | 38,533 SF |
| Property Type | Multifamily | Average Occupancy | 89% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1982 |
| Building Class | C | Parking Ratio | 5/1,000 SF |
| Lot Size | 2.90 AC | ||
| Zoning | P-D(10), Merced - Planned District | ||
| No. Units | 64 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.90 AC |
| Building Size | 38,533 SF |
| Average Occupancy | 89% |
| No. Stories | 2 |
| Year Built | 1982 |
| Parking Ratio | 5/1,000 SF |
| Zoning | P-D(10), Merced - Planned District |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Range
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Laundry Facilities
ABOUT 3100 DENVER AVE , MERCED, CA 95348
12 studios (current rents between $400 & $450 all being raised to $450) + 24 one bedroom apts. (current rents between $420 & $550 all being raised to $550) + 28 two bedrooms apts. (current rents between $525 & $675 all being raised to $650). Has pool (fenced), laundry room, storage room, covered parking and possibly adequate room to build additional units? The cost to build new units (including land, soft costs etc) runs between $100,000 to $120,000. These units are available at $60,000 and with less than $20,000 / unit in renovation costs you'll have 'like new' units in one of the best geographic locations in the community. Property is within 2 blocks of a regional mall and across the street form two of Merced's newest and largest commercial neighborhood centers (Olivewood and Merced Marketplace). Ideal location for college students as property is within close walking distance to shopping, dining and adjacent to student bus route. UC Merced has just begun a 4-year 1.1 billion dollar expansion and student body to grow from 6,600+/- to over 10,000 students by 2020. Eventually at full build out UC will have 25,000 to 30,000 students. Area is just recovering from real estate collapse WEst on Olive from R to Austin turn right (north) one block to Conestoga Drive, turn right (east) to Denver
PROPERTY TAXES
| Parcel Number | 058-182-011 | Improvements Assessment | $5,773,430 |
| Land Assessment | $650,000 | Total Assessment | $6,423,430 |
PROPERTY TAXES
