2610 N State Highway 59, Merced, CA 95348

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Glen Henderson

[email protected] +1(619) 889-7646

$2,500,000

Est. payment - /mo

2 Beds

1 Bath

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID MC25012191

Bedrooms 2

Property Sub-Type Res Income 2-4 Units

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 Seller

Direction W on Olive, Left on N State Highway 59

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N No

Roof Type Composition

Building

Story 2

Level or Stories 2

Others

Tax ID 058140010000

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Listed by Ronald Scanlon Century 21 Select Real Estate

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

2610 N State Highway 59 Merced, CA 95348

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

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