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1034 W 18th Street $499,900

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    1034 W 18th Street Merced, CA 95340

    • 3,400 sq. ft.
    • 0.17 Acres
    • Commercial Sale
    • MLS# MC22191684
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    Views: 16 Days On Market: 96

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    Property Details

    REDUCED AGAIN FOR QUICK SALE- 3 - tenant building located in Central Merced, down the street from the new Starbucks building recently built & across the street from 7-11 and Sonic franchises. Close to 99 freeway access. Current tenants are an automotive repair shop in the rear with alley access and in one of the front units a phone repair store. rents currently are $995 for front unit with a 3 year lease & $1,100 for the rear unit 1 year left on his lease which tenant is willing to stay, and rent will be going up to $1,400/month,. 3rd unit is on standby with letter of intent for $1,900/month. Water,Sewer, & Garbage costs are approx. $180/month. and management fees are only 5% with current property management company willing to stay on board current insurance is approx. $1,380 annually. Tenants currently split the cost on Water, sewer & garbage bill.

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    Neighborhood

    95340 (Merced) Demographics

    32 Median Age
    899 Population Density (per sq. mile)
    37% College Educated
    $56,941 Estimated Median Income
    6,508 Estimated Total Home Owners
    5,612 Estimated Total Renters
    54% / 46% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    36,402 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $359,000 Median Sales Price
    19 Homes Sold
    31 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $499,900
        10/26/2022 12:01:21 PM Price Reduced Source: Multiple Listing Service New Value: $499,900 -4.76%
        10/6/2022 7:18:37 PM Price Reduced Source: Multiple Listing Service New Value: $524,900 -4.39%
        9/2/2022 1:16:35 PM Price Reduced Source: Multiple Listing Service New Value: $549,000 -8.35%
        8/31/2022 1:47:00 PM New in Database Source: Multiple Listing Service New Value: $599,000

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        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 12/5/2022 1:03:52 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.