CA > Merced
Merced, CA 95340,3158 College AVE
Merced, CA 95340,3158 College AVE
Merced, CA 95340,3158 College AVE
$1,350,000
$1,499,999 10.0%
Est. payment /mo
5,600 SqFt

UPDATED:

Key Details

Sold Price $1,350,000

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 5,600 sqft

Price per Sqft $241

MLS Listing ID 225105685

Year Built 1965

Lot Size 0.372 Acres

Property Sub-Type 5 or More Units

Property Description

TWO 4-UNIT APARTMENT COMPLEXES WITH GARAGES SOLD TOGETHER Outstanding investment opportunity in Merced. This package includes two separate 4 unit buildings on individual APNs, for a total of 8 units. Each unit is a 2 bedroom, 1 bath floor plan with approximately 700 square feet of living space and private garages, a rare and desirable feature for tenants. Six of the eight units have been tastefully remodeled, featuring laminate flooring, fresh interior paint, granite countertops, updated fixtures, and either standing showers or tub and shower combinations, offering modern comfort and appeal. The properties are well maintained with strong rental history, stable occupancy, and low maintenance construction. Located near shopping, schools, dining, and public transit, just minutes from UC Merced and downtown. This is a great opportunity with strong cash flow and long term appreciation potential in a growing market with high tenant demand. Do not miss this chance to own a solid multifamily investment in a prime Merced location.

Location

State CA

County Merced

Area 20408

Rooms

Other Rooms Unit-1 Type: Apartment Approx SqFt: 700 Bedrooms: 2 Full Baths: 1 Total Rooms: 3 Occupancy: Tenant Rent: 1350 SqFt Source: Not Measured Unit-2 Approx SqFt: 700 Bedrooms: 2 Full Baths: 1 Total Rooms: 3 Occupancy: Tenant Rent: 1410 SqFt Source: Not Measured Unit-3 Type: Apartment Approx SqFt: 700 Bedrooms: 2 Full Baths: 1 Total Rooms: 3 Occupancy: Tenant Rent: 1475 SqFt Source: Not Measured Unit-4 Type: Apartment Approx SqFt: 700 Bedrooms: 2 Full Baths: 1 Total Rooms: 3 Occupancy: Tenant Rent: 1215 SqFt Source: Not Measured

Interior

Heating Central

Cooling Central

Flooring Carpet, Laminate, Vinyl, Linoleum

Laundry Washer/Dryer Hookups

Exterior

Parking Features Attached, Garage

Garage Spaces 8.0

Utilities Available Electric

Roof Type Composition

Building

Lot Description Curbs/Gutters, Sidewalk

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

Special Listing Condition None

Read Less Info
MetroList® Services, Inc
Listed by Soldavi Inc.
Bought with Reva Blue Realty, Inc.

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Lance McHan

Lance McHan

+1(209) 986-9292

Broker Associate | License ID: 01987449

Broker Associate License ID: 01987449

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