1962 Edwards AVE, Merced, CA 95340
1962 Edwards AVE, Merced, CA 95340
1962 Edwards AVE, Merced, CA 95340
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Randy Thomas

Randy Thomas

+1(209) 810-8830
$1,025,000
Est. payment /mo
6,800 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 6,800 sqft

Price per Sqft $150

MLS Listing ID 226132123

HOA Y/N No

Year Built 1979

Lot Size 0.372 Acres

Acres 0.372

Property Sub-Type 5 or More Units

Source MLS Metrolist

Property Description

Fully occupied Merced multifamily investment offered at $1,025,000 with an estimated 5.77% cap rate. This well-maintained 8-unit property features all 2-bedroom, 1-bathroom residences, each approximately 850 square feet, with spacious bedrooms and practical living areas. Current scheduled rents total $9,208 monthly, or $110,496 annually. Convenient access to shopping, schools, public transportation, and UC Merced adds to its rental appeal. An opportunity to expand your portfolio or consider for a 1031 exchange. Estimated cap rate is based on current scheduled rents and annualized reported operating expenses, subject to verification. Buyers should independently verify all income and expenses.

Location

State CA

County Merced

Area 20407

Direction CA-140 E, Yosemite Pkwy to Edwards Ave

Rooms

Other Rooms Unit-1 Type: Apartment Approx SqFt: 850 Bedrooms: 2 Full Baths: 1 Total Rooms: 4 Occupancy: Tenant Rent: 1225 SqFt Source: Not Measured Unit-2 Type: Apartment Approx SqFt: 850 Bedrooms: 2 Full Baths: 1 Total Rooms: 2 Occupancy: Tenant Rent: 1053 SqFt Source: Not Measured Unit-3 Approx SqFt: 850 Bedrooms: 2 Full Baths: 1 Total Rooms: 2 Occupancy: Tenant Rent: 1225 SqFt Source: Not Measured Unit-4 Type: Apartment Approx SqFt: 850 Bedrooms: 2 Full Baths: 1 Total Rooms: 4 Occupancy: Tenant Rent: 1105 SqFt Source: Not Measured

Interior

Heating Central

Cooling Central

Flooring Tile

Appliance Free Standing Refrigerator, Free Standing Electric Oven

Laundry Washer/Dryer Leased, In Common Area, Laundry Closet

Exterior

Exterior Feature Fenced Yard, Yard Space

Parking Features Open, Carport, Uncovered, Guest Parking Available

Carport Spaces 8

Utilities Available Electric

Water Access Desc Public

Roof Type Composition

Porch Balcony/Deck, Covered Patio

Total Parking Spaces 14

Building

Lot Description Curb(s), Landscape Back, Landscape Front

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

Schools

Elementary Schools Merced City

Middle Schools Merced City

High Schools Merced Union High

School District Merced

Others

Senior Community No

Tax ID 034-230-002

Special Listing Condition None

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MetroList® Services, Inc
Listed by Soldavi Inc.

Nearby Locations

Randy Thomas
Randy Thomas

Broker License ID: DRE# 01037761

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

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