149 W 11th Street, Merced, CA 95341
Property · 2 recorded sales since 2016
Sold November 2023
Listing Agent: Eric Jaurique-Pouncey (DRE #02154006) · Listing Office: BHGRE Everything Real Estate · Contact: 209-769-3934 · Bought with: Araceli Gomez · Keller Williams Property Team · MLS #MC23083383 · Source: CRMLS
About this property
Welcome to this incredible eight-unit apartment complex in the bustling city of Merced, California. This property is the perfect investment opportunity for any savvy investor looking for a stable and profitable multifamily investment. Featuring a mix of mostly tenants at market rate and some long-term tenants, this property provides a perfect balance of growth and stability for any investor. A majority of the current tenants have already signed lease renewals with rental increases, indicating the strong demand for affordable housing in Merced County. With a very low vacancy rate, this property is situated in a prime location in Merced, which is known for its growing economy and diverse job market. The city is home to a thriving college community, which attracts a large number of students and professionals, making this a fantastic investment opportunity. This property is in excellent condition and has been meticulously maintained by the current owner. Investors will appreciate the great condition of the units and the common areas, ensuring minimal maintenance and upkeep costs. The current 5.01% cap rate provides an excellent return on investment, and there is still potential for growth. The location, tenant mix, and rental history all make this a highly desirable investment property that you do not want to miss. Don't wait to secure this incredible opportunity! Call us today to learn more about this eight-unit apartment complex in Merced, California, and how you can make it a part of your investment portfolio.
Listing description from the November 2023 sale, as reported to CRMLS.
Sale history
