Property Details
About this Property
This duplex property in Merced is a turnkey investment opportunity, conveniently located in the heart of Merced. Both units have recently undergone renovations, ensuring their modern appeal. One unit is currently vacant, while the other is already occupied, highlighting the high demand for rental properties in this college town. The current capitalization rate (CAP) stands at 6.15%, but with a projected rental median analysis of $1300 per unit, the potential pro forma CAP rate reaches an enticing 8.56%. Moreover, this property presents the possibility of converting the garages into additional units, with the city confirming the option to add an ADU on the spacious lot. Covered parking, as well as two garages, provide ample space for vehicles. Separate gas and electric meters for each unit, ensuring convenient utilities management. Whether you're an experienced investor seeking an excellent opportunity or an individual interested in living in one unit while renting out the other, this property offers an amazing return on investment.
MLS Listing Information
MLS #
ME223104934
MLS Source
MetroList Services, Inc.
Interior Features
Appliances
Freezer, Oven - Built-In, Oven - Gas, Oven Range - Built-In, Gas, Refrigerator
Flooring
Vinyl
Cooling
Window/Wall Unit
Heating
Wall Furnace
Exterior Features
Roof
Composition
Foundation
Concrete Perimeter, Slab
Parking, School, and Other Information
Garage/Parking
Carport, Garage, Guest / Visitor Parking, Off-Street Parking, Garage: 2 Car(s)
High School District
Merced Union High
Sewer
Public Sewer
Water
Public
HOA Fee
$0
Zoning
R 1-6
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 1 | 2 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 960 | 1 | 1/0 | $1,000 |
| 2 | 960 | 1 | 1/0 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
2324 Q Street is a Duplex in Merced, CA 95340. This 960 square foot property sits on a 5,000 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $305,000 and was built in 1945. This address can also be written as 2324 Q Street, Merced, CA 95340.
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This listing information is up-to-date as of February 26, 2025. For the most current information, please contact Colin Hoogendoorn, (209) 815-2887
