Homes for sale - 2610 N State Highway 59, Merced, CA 95348

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John Herkenrath

johnherkenrath@epiquerealty.com +1(310) 221-2910

$2,500,000

Est. payment - /mo

0.46 Acres Lot

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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID MC25012191

HOA Y/N No

Year Built 1970

Lot Size 0.459 Acres

Property Sub-Type Apartment

Property Description

UPDATED PHOTOS, UPDATED IMPROVEMENTS. There have been many updates since first listed. City inspector has given green light to complete the remodel of the bottom 6 units. The three top units on left have been completed and are now ready to rent now. There are now 6 units that are rentable , 2 already rented @ $1365 per month. Many improvements have been made.

This is a 12-unit complex, 2 buildings with 6 units in each. The units are almost 760 sq feet per unit. All units are 2 bed one bath. The total building space is 9507 sq ft. Each building has its own laundry, 2 in all. There has been a recent flood that has affected the lower 3 units of each building. Some repairs have been made but are selling the property as is in current condition. The 12 units were being remodeled at the time of the flood. There were 4 newer water heaters and 2 new tubs/showers installed on units in the 2610 building and 6 new water heaters and 6 tubs/showers in the 2620 building. Only 1 unit is currently rented at this time. current rent on that unit is $1365 per month. All New doors and security doors were installed prior to flood. New flooring was also installed in some units. Owner also had new stairs and balcony entrance (deck) installed at a cost of around $80,000. All units have central Heat and Air. Each unit also has storage area. There is ample parking for 20 vehicles on paved parking area. This is a hard to find 12-unit complex so reach out today. Selling as is. Buyer to participate in a 1031 exchange at no cost to buyer. SELLER WILL CONSIDER TRADE OF PROPERTIES. ***Updated Photos***

Location

State CA

County Merced

Zoning R-3-1.5

Interior

Heating Central

Cooling Central Air

Flooring Laminate

Fireplaces Type None

Fireplace No

Appliance Electric Range, Range Hood

Laundry Common Area

Exterior

Parking Features Driveway, Paved, Private, One Space, Side By Side

Pool None

Community Features Gutter(s), Storm Drain(s), Street Lights

Utilities Available Cable Available, Overhead Utilities

Roof Type Composition

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Paved

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 058140010000

Acceptable Financing Cash, Conventional, 1031 Exchange, Submit

Listing Terms Cash, Conventional, 1031 Exchange, Submit

Special Listing Condition Trust

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Listed by Ronald Scanlon Century 21 Select Real Estate 209-676-1666

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

2610 N State Highway 59 Merced, CA 95348