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$ 435,000
Est. payment | /mo
7,501 Sqft Lot
$ 435,000
Est. payment | /mo
7,501 Sqft Lot
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
Listed by Rick Osorio Century 21 Select Real Estate 209-777-9922
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "