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$435,000
Est. payment /mo
7,501 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
MLS Listing ID MC25102788
HOA Y/N No
Year Built 1940
Lot Size 7,501 Sqft
Property Sub-Type Single Family Residence
Property Description
Excellent income opportunity in an established neighborhood! Features two units, with Unit one being 3 bed 1 bath currently tenant-occupied at $2,000/month plus utilities. The second unit is vacant and ready for occupancy, with potential rent of $1,200/month. Add your own appliances and start generating immediate cash flow! Property offers a strong 8% cap rate and even more upside with room to add an ADU (buyer to verify). Whether you're an investor or owner-occupant, take advantage of available seller concessions and unlock the full potential of this value-add property. Don't miss this rare find with built-in income and expansion options! Located in the heart of the historical old town Merced, with tree-lined streets and close to downtown. Please call for an appointment; do not disturb tenants.
Location
State CA
County Merced
Zoning R-1-6
Interior
Fireplace No
Laundry See Remarks
Exterior
Pool None
Community Features Suburban
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 030121013000
Acceptable Financing Cash, FHA
Listing Terms Cash, FHA
Special Listing Condition Standard
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Listed by Rick Osorio Century 21 Select Real Estate 209-777-9922
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HomeSmart Realty West
Broker | License ID: DRE#1905908
Broker License ID: DRE#1905908