TURNKEY, Remodeled, Income producing 8 unit Apartment Complex for sale in Merced near UC Merced. 8plex containing 2-1 bedroom, and 1 Bath (approximately 500 sq feet) units and 6 studio apartments (approximately 400 sq feet units) 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!
|--||New Value: $829,900|
|4/23/2021 1:02:00 PM||New Value: $829,900|