$6,750,000
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2.3 Acres Lot
SOLD DATE : 07/21/2023
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW23055035
Sold Date 07/21/23
HOA Y/N No
Year Built 1983
Lot Size 2.300 Acres
Lot Dimensions Assessor
Property Sub-Type Apartment
Property Description
We are pleased to present "Yosemite Apartments".
Yosemite apartments is a beautiful, impeccably maintained, 50 unit, multifamily investment opportunity, located in heart of Merced County. The asset has an Incredible unit mix, comprised of 20 - 2 bed x 1 bath units. 20 – 1 bed x 1 baths & 10 studios.
Situated on 2.3 acres of beautifully manicured grounds. The asset boasts a large onsite swimming pool, nicely renovated laundry room, workshop, storage/tool shed, 50 covered parking spaces, 16 uncovered, with three handicap. The asset is currently 100% occupied, with waiting list. In place rents are approximately 20% below market, in current condition.
ADU opportunity, prospective investor is advised to call City Of Merced for confirmation on ADU potential.
The building is located in close proximity to Downtown Merced, ten minutes to UC Merced, 90 minutes to San Francisco & world renowned Yosemite National Park.
Seller financing is available to qualified buyer, at extremely competitive rates.
Location
State CA
County Merced
Zoning P-D
Rooms
Other Rooms Storage, Workshop
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Tile
Fireplace No
Appliance Gas Oven, Gas Water Heater, Refrigerator
Laundry Common Area
Exterior
Parking Features Assigned, Detached Carport
Carport Spaces 50
Fence Block
Pool Community, Gunite
Community Features Biking, Curbs, Foothills, Golf, Gutter(s), Hiking, Horse Trails, Lake, Near National Forest, Park, Street Lights, Suburban, Sidewalks, Pool
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected
Amenities Available Barbecue, Picnic Area, Storage
View Y/N Yes
View Neighborhood
Roof Type Composition
Accessibility Parking
Total Parking Spaces 69
Private Pool No
Building
Lot Description Greenbelt, Rectangular Lot
Story 2
Entry Level One,Two
Sewer Public Sewer
Water Public
Level or Stories One, Two
Additional Building Storage, Workshop
New Construction No
Others
HOA Fee Include Sewer
Senior Community No
Tax ID 058173001000
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Conventional
Listing Terms Conventional
Financing Seller Financing
Special Listing Condition Standard
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Bought with Tony Alahverdi TAG Realty Inc
