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149 W 11th Street $829,900

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    149 W 11th Street Merced, CA 95341

    • 1,600 sq. ft.
    • 0.17 Acres
    • Commercial
    • MLS# 221035079
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    Property Details

    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!

    • General Features
      • Year Renovated 0
      • Year Built 1980
      • County Merced
      • Business Type Commercial
      • Property Subtype Mixed Use
    • Building Features
      • Construction Materials Frame
      • Cooling Wall Unit(s)
      • Dock Doors 0
      • Flooring Tile
      • Heating Wall Furnace
      • Number of Floors 0
      • Number of Offices 0
      • Number of Restrooms 0
      • Industrial SqFt 0
      • Floor Num 0
      • Minimum Available SqFt 0
      • Number of Buildings 0
      • Number of Elevators 0
      • Water Source Public
      • Total Units 8
      • Warehouse SqFt 0
      • Sewer Public Sewer
      • Stories 0
      • Square Footage 1,600
      • Total Parking Spaces 0
      • Roof Tile
      • Office SqFt 0
      • Number of Truck Doors 0
      • Parking Features Open
    • Property Features
      • Lot Size Square Feet 7501

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    Neighborhood

    95341 (Merced) Demographics

    26 Median Age
    219 Population Density (per sq. mile)
    13% College Educated
    $32,957 Estimated Median Income
    3,382 Estimated Total Home Owners
    5,029 Estimated Total Renters
    40% / 60% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    32,787 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $0 Median Sales Price
    0 Homes Sold
    34 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $829,900
        4/23/2021 1:02:00 PM New in Database Source New Value: $829,900

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        *This Payment Calculator is intended for educational and planning purposes only.
        **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.
        Information is provided in part by the IDX program of METROLIST SERVICES, INC. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information last updated 5/7/2021 12:04:08 PM. 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. Terms of Use

        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.