MLS® ID: MC19203328
617 W Santa Fe Avenue
Merced, California, 95340 $1,075,000
New Section 8 one bedroom rate increased to $ 810 12-05-1p
Price reduced to $ 1,075,000 and it still under replacement cost, in a growing community anchored by UC Merced and a new cannabis industry.
Excellent investment opportunity near UC Merced. These ten units have been well maintained and remodeled on a change of tenant.
Two single story buildings, each with five units. The complex is in easy walking distance to Police Department, Courthouse, Applegate Park, Schools, Medical Offices, US Post Office, Downtown, 5 banks, new UC Downtown building and convenient to bus stops.
All units have one bedroom, bathroom, kitchen, dining area, kitchen bar area to eat,electric stove/range, dishwasher, disposal, central HVAC.
Two uncovered parking spaces per unit
Onsite laundry room (Consigned to Webb Laundry)
Complex has been full for several years. The last unit rented for $785 / month. Please read the attached Property Overview in the supplements.