Property Details
About this Property
INVESTORS!! Two lots listed together 308, 310, 312 W. 20th St./ 1927, 1935, 1943 Martin Luther King Jr. Way. 6 TOTAL UNITS located in an OPPORTUNITY ZONE (Census Tract 13.02), which includes special tax benefits, is being sold as two (2) lots combined with dedicated covered resident parking. This multi-family investment is in an emerging area, walking distance from the newly restored Downtown Merced, is a short drive to Merced College and UC Merced, in an area with strong rental growth. Close access to both public transportation, freeways and proposed HIGH-SPEED RAIL STATION. Properties contains (6) two bedroom/one bathroom units. Building has a good rental upside potential. Both buildings are located on the same lot with two separate parcel numbers. Excellent opportunity. Marketing package can be sent by request with more information. All units are currently being rented on month-to-month terms, except for one (1) unit which is partially through a year-long lease. This property is listed at $1.2 million dollars. A PERFECT 1031 opportunity!! Take advantage of income-producing investment and Opportunity Zone incentives and purchase an investment property in up and coming Merced. What more could you want from a rental property? THIS ONE HAS IT A
MLS Listing Information
MLS #
CRMP22203016
MLS Source
California Regional MLS
Buyer's Brokerage Compensation*
3.00%
Interior Features
Fireplace
None
Cooling
Window/Wall Unit
Heating
Wall Furnace
Exterior Features
Roof
Composition
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage: 6 Car(s)
High School District
Merced Union High
HOA Fee
$0
Zoning
MULTI-FAM
Market Trends Charts
308 W 20th St is a Residential in Merced, CA 95340. This 4,356 square foot property sits on a 0.309 Acres Lot and features 12 bedrooms & 6 full bathrooms. It is currently priced at $1,050,000 and was built in 1966. This address can also be written as 308 W 20th St, Merced, CA 95340.
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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 April 21, 2023. For the most current information, please contact Zoe Alexander
