$2,500,000
19,985 Sqft Lot

2610 N State Highway 59, Merced, California 95348

  • Residential Income Property Type
  • 1970 Year Built
Property Description

Are you looking for a multi-unit complex with all kinds of potential, well you can stop your search right here. 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 on coin operated 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 tub/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***

Basic Details
Residential Income
For Sale
MC23048755
$2,500,000
1970
19,985 Sqft
Active
Apartment
Features
: Central
: Central Air
: Electric Range, Range Hood
: Street Lights, Gutters, Stormdrains
: Laminate
: Private, Driveway, Side By Side, Paved, Onespace
$0
: Composition
: Public Sewer
Address Map
California
Merced
Merced
95348
2610 N State Highway 59
0
W121° 29' 43.1''
N37° 18' 43.5''
W on Olive, Left on N State Highway 59
Neighborhood
Webb, Del E.
Coronado High
Additional Information
$0
9,096 Sqft
$0
506
506
: Circuit Breakers
$0
0
1
1
Cash,Conventional,AllFinancingConsidered,Submit
: Paved, Acreage
$0
1
058140010000
1
: Trust
$0
: Cable Available, Overheadutilities
R-3-1.5
Broker/Agent Information
Century 21 Select Real Estate
mc40
pbyrd@selectgroupre.com
Ronald Scanlon
mcscanro
rscanlon@gonellarealty.com
Agent info
Ray Millman
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Contact Agent
Contact Us
ray@millmanteam.com 310.375.1069