207 St Michelle Drive

Merced, CA 95348

  • 0 Bed(s)
  • 0 Bath(s)
  • 7,431 Sqft
  • 26008
    Sqft(Lot)
$1,100,000

Description

This fully-occupied 6-unit multifamily property offers immediate cash flow with significant upside potential through strategic rent increases. located in the rapidly developing merced market, this property benefits from proximity to downtown, shopping, and major transportation routes, ensuring a steady stream of tenant demand.

investment highlights: unit mix & size: the complex features five spacious 2-bed, 2-bath units (1,119-1,389 sqft) and one 1-bed, 1-bath unit (756 sqft), ideal for attracting long-term tenants.

value-add potential: with multiple units currently renting below market rate, there is clear upside in rents. recent leases indicate strong tenant retention and potential for rent increases to meet market trends.

strong location fundamentals: merced’s growing population and the development surrounding uc merced create sustained demand for rental housing, positioning this asset for long-term appreciation and strong occupancy levels.

parking: dedicated covered parking enhances tenant satisfaction and property appeal.

low operating expenses: the property is well-maintained, reducing the immediate need for capital expenditures and allowing investors to focus on optimizing cash flow.

  • Property Type

    Residential Income

  • County

    Merced

  • Style

    Residential Income

  • AD ID

    47100192

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Cooling Features

    • Central Air
    • Air Conditioning

    Heating Source

    • Central
    • Has Heating

  • Building Information

    • Year Built: 1988
    • Building Area Total: 7,431

    Pool Features

    • None

    Laundry Features

    • See Remarks

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.5971
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 26008

  • Listing Price Information

    • Original List Price: 1,100,000
    • Listing Contract Date: 2024-10-02

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 007290028000

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood:
    • Postal Code Plus 4: 3378
    • Directions: right onto M St/Veterans Blvd; right onto Rambler Rd; right onto W Alexander Ave; right onto Park Ave; right onto St Michelle Dr
    • Zoning: P-D
    • Source Property Type: Residential Income
    • Property SubType: Duplex

    Building and Construction

    • Property Age: 36
    • Common Walls: 2+ Common Walls
    • Structure Type: Duplex
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: Side
    • Property Attached: Yes
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BuyOwner last updated this listing 11/21/2024 @ 13:01

  • MLS: MC24205443
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 7,431 sqft, 26,008 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Merced , in zip code 95348, this Merced County Home are nearby neighborhoods.