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6860 Walnut Ave
Winton, CA 95388
Suzie St Apartments · Multifamily Property For Sale
·
33 Units
Executive Summary
?33 residential units configured as 15 duplexes, one triplex and one single-family home.
?All units are 2-bedroom / 1-bath residences with approximately +/- 830 SF per unit.
?Approximately +/- 26,000 SF of total building area, per owner-provided information.
?Approximately 99% leased, providing a highly stabilized occupancy profile.
?Going-in cap rate of 6.44% with current NOI of $218,512.
?Winton location provides access to Atwater, Merced, State Route 99, and the broader Merced County employment base.
County approved four additional units on the parcel
UC Merced continues to expand its academic and residential footprint with a 200,000+ SF Medical Education Building, a 36,000 SF classroom building, a new student union and 488-bed Promise Housing.? The campus is approximately 15.5 miles from the property.? Continued university and regional growth may support long-term housing demand and transportation activity across Merced County.?
?All units are 2-bedroom / 1-bath residences with approximately +/- 830 SF per unit.
?Approximately +/- 26,000 SF of total building area, per owner-provided information.
?Approximately 99% leased, providing a highly stabilized occupancy profile.
?Going-in cap rate of 6.44% with current NOI of $218,512.
?Winton location provides access to Atwater, Merced, State Route 99, and the broader Merced County employment base.
County approved four additional units on the parcel
UC Merced continues to expand its academic and residential footprint with a 200,000+ SF Medical Education Building, a 36,000 SF classroom building, a new student union and 488-bed Promise Housing.? The campus is approximately 15.5 miles from the property.? Continued university and regional growth may support long-term housing demand and transportation activity across Merced County.?
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 33 | - | - |
Property Taxes
| Parcel Number | 146-141-012 | Improvements Assessment | $1,967,851 |
| Land Assessment | $265,302 | Total Assessment | $2,233,153 |
Property Taxes
Parcel Number
146-141-012
Land Assessment
$265,302
Improvements Assessment
$1,967,851
Total Assessment
$2,233,153
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