Skip To Content

    149 W 11th Street

    Merced, CA 95341
    • $829,900
    • STATUS: Active
    • ON SITE: 102 days
    • MLS #: 221035079
    $829,900
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,600
      SQFT
    • $519
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1980
    County:
    Area:

    School Ratings & Info

    Description

    TURNKEY, Remodeled, Income producing 8 unit Apartment Complex for sale in Merced near UC Merced. 8plex containing 2-1 bedroom, and 1 Bath units and 6 studio apartments that have been recently renovated. Buyer to verify square footage. 100 Percent Occupied (Rents paid during 2020-2021 Pandemic). Proforma Cap Rate is 7.5% due to Below market rents with a Huge Upside! High 6.34% Cap Rate at current rents. Laundry Facilities are on-site. Tile roof with a new 2-year warranty. Large Lot at .17 Acre. Built-in 1980, Easy to manage, low maintenance rentals with little or no deferred maintenance. Buyer to verify condition during inspection upon accepted offer. Extremely low inventory, Will be sold quickly! Call now!

    Monthly Payment Calculator



    © 2021 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2021-08-03T23:43:11.387. MetroList® MLS Terms of Use. IDX provided by BoomTown.
    www.tlcrealtors.com/homes/116417290
    Print Image

    149 W 11th Street Merced, CA 95341

    • Price: $829,900
    • Status: Active
    • MLS #: 221035079
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1,600
    SQFT
    $519
    $/SQFT
    1980
    Built
    Neighborhood:
    Merced South
    County:
    Merced
    Area:
    Merced South
    Property Description
    TURNKEY, Remodeled, Income producing 8 unit Apartment Complex for sale in Merced near UC Merced. 8plex containing 2-1 bedroom, and 1 Bath units and 6 studio apartments that have been recently renovated. Buyer to verify square footage. 100 Percent Occupied (Rents paid during 2020-2021 Pandemic). Proforma Cap Rate is 7.5% due to Below market rents with a Huge Upside! High 6.34% Cap Rate at current rents. Laundry Facilities are on-site. Tile roof with a new 2-year warranty. Large Lot at .17 Acre. Built-in 1980, Easy to manage, low maintenance rentals with little or no deferred maintenance. Buyer to verify condition during inspection upon accepted offer. Extremely low inventory, Will be sold quickly! Call now!
    Exterior Features

    Construction Materials Frame Dock Doors 0 Loading None Num Of Floors 0 Parking Features Open Roof Tile Total Parking Spaces 0

    Interior Features

    Cooling Wall Unit(S) Flooring TileVaries By Unit Heating Wall Furnace Num Of Elevators 0 Num Of Restrooms 0 Office Sq Ft 0 Retail Sq Ft 0 Warehouse Sq Ft 0

    Property Features

    Building Features Multiple Tenant Building Business Type Commercial Electric 220 Volts Expiration Date Auxiliary 2021-09-30 Income Includes LaundryRent Lease Deposit 0 Location Neighborhood Num Of Offices 0 Num Of Tenants 0 Property Subtype Mixed Use Property Type Commercial Sale Rentable Yes Sewer Public Sewer Special Listing Conditions Other Tenant Pays See Remarks Utilities Internet Available Water Source Public Year Renovated 0 Zoning R-4

    Listing provided courtesy of Svn Executive Commercial Advisors. Listing information © 2021 MetroList Services, Inc.


    © 2021 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2021-08-03T23:43:11.387. MetroList® MLS Terms of Use. IDX provided by BoomTown.
     
    https://bt-photos.global.ssl.fastly.net/sacramento/1280_boomver_1_221035079-2.jpg https://bt-photos.global.ssl.fastly.net/sacramento/1280_boomver_1_221035079-2.jpg https://bt-photos.global.ssl.fastly.net/sacramento/1280_boomver_1_221035079-2.jpg
    Logo
    REMAX Executive
    1215 W Center St., Ste 101
    Manteca CA, 95337