Fully Stabilized Asset The property is fully leased and only 2 out of the 6 units are at market rate. Great potential to increase income over 25% by bringing to full market rates. Additional Upside due to Zoning All parcels are Zoned Commercial Office (C-O). This would give an investor the opportunity to convert the homes into offices or demolish the existing structures and build an office complex. Smaller Downtown office space built to class “A” standards can be leased at $1.50 per square foot NNN. Adjacent to Courthouse and Proximity to Downtown The Property is located adjacent to the Merced County Courthouse, the Merced Courthouse Square Park, close proximity to the Downtown Business District, Bob Hart Square, the recently renovated Mainzer Theater, Tioga Hotel, El Capitan Hotel & UC Merced Administration Building. Even More Upside Value! There are 4 separate parcels. An investor can sell off parcels individually to bring in immediate profit. 3 parcels have single family homes. 1 parcel has a single family home and a duplex.
MLS #
CRMC21135839
MLS Source
California Regional MLS
Buyer's Brokerage Compensation*
2.50
Heating
No Heating
Garage/Parking
Garage: 0 Car(s)
822 W 21st St is a Residential Income in Merced, CA 95340. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at – and was built in 1924.
This address can also be written as 822 W 21st St, Merced, CA 95340.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of August 13, 2022. For the most current information, please contact Jacob Morgner, (209) 384-3885