Welcome to this incredible eight-unit apartment complex in the bustling city of Merced, California. This property is the perfect investment opportunity for any savvy investor looking for a stable and profitable multifamily investment. Featuring a mix of mostly tenants at market rate and some long-term tenants, this property provides a perfect balance of growth and stability for any investor. A majority of the current tenants have already signed lease renewals with rental increases, indicating the strong demand for affordable housing in Merced County. With a very low vacancy rate, this property is situated in a prime location in Merced, which is known for its growing economy and diverse job market. The city is home to a thriving college community, which attracts a large number of students and professionals, making this a fantastic investment opportunity. This property is in excellent condition and has been meticulously maintained by the current owner. Investors will appreciate the great condition of the units and the common areas, ensuring minimal maintenance and upkeep costs. The current 5.01% cap rate provides an excellent return on investment, and there is still potential for growth. The location, tenant mix, and rental history all make this a highly de
MLS #
CRMC23083383
MLS Source
California Regional MLS
Buyer's Brokerage Compensation*
2.00
Laundry
Community Facility
Cooling
Window/Wall Unit
Garage/Parking
Garage: 0 Car(s)
# Buildings | # Leased Units | # Total Units |
---|---|---|
1 | 8 | – |
149 W 11th St is a Residential Income in Merced, CA 95341. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at – and was built in 1980.
This address can also be written as 149 W 11th St, Merced, CA 95341.©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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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of December 01, 2023. For the most current information, please contact Eric Jaurique-Pouncey, (209) 383-7653