6848 Walnut AVE, Winton, CA 95388
6848 Walnut AVE, Winton, CA 95388
6848 Walnut AVE, Winton, CA 95388
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Randy Thomas

Randy Thomas

+1(209) 810-8830
$3,395,000
Est. payment /mo
26,000 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 26,000 sqft

Price per Sqft $130

MLS Listing ID 226120667

HOA Y/N No

Year Built 1963

Lot Size 1.780 Acres

Acres 1.78

Property Sub-Type 5 or More Units

Source MLS Metrolist

Property Description

33 residential units configured as 15 duplexes, one triplex and one single-family home. All units are 2-bedroom / 1-bath residences with approximately +/- 830 SF per unit. Approximately +/- 26,000 SF of total building area, per owner-provided information. Approximately 99% leased, providing a highly stabilized occupancy profile. Going-in cap rate of 6.44% with current NOI of $218,512. Winton location provides access to Atwater, Merced, State Route 99, and the broader Merced County employment base. County approved four additional units on the parcel UC Merced continues to expand its academic and residential footprint with a 200,000+ SF Medical Education Building, a 36,000 SF classroom building, a new student union and 488-bed Promise Housing. The campus is approximately 15.5 miles from the property. Continued university and regional growth may support long-term housing demand and transportation activity across Merced County.

Location

State CA

County Merced

Area 20404

Direction GPS

Rooms

Other Rooms Unit-1 Approx SqFt: 800 SqFt Source: Owner Unit-4 Type: Apartment

Interior

Heating Hot Water, Other

Cooling Other

Flooring Carpet, Other

Laundry Other

Exterior

Parking Features Street, Other

Utilities Available Sewer Connected, Electric

Water Access Desc Public

Building

Lot Description Other

Story 1

Foundation Slab

Sewer Public Sewer, Other

Water Public

Level or Stories One, Two

Schools

Elementary Schools Merced City

Middle Schools Merced City

High Schools Merced Union High

School District Merced

Others

Senior Community No

Tax ID 146-141-012

Special Listing Condition Other

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Listed by Capitol Commercial Real Estate and Business Sales

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Randy Thomas
Randy Thomas

Broker License ID: DRE# 01037761

+1(209) 810-8830 | randy@cornerstonecloses.com

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