308 W 20th Street, Merced, CA 95340
Property · 3 recorded sales since 2023
Sold April 2023
Listing Agent: Zoe Alexander (DRE #02054494) · Listing Office: Realty Executives of Merced · Contact: 209-385-8500 · Bought with: General NONMEMBER · NONMEMBER MRML · MLS #MP22203016 · Source: CRMLS
About this property
INVESTORS!! Two lots listed together 308, 310, 312 W. 20th St./ 1927, 1935, 1943 Martin Luther King Jr. Way. 6 TOTAL UNITS located in an OPPORTUNITY ZONE (Census Tract 13.02), which includes special tax benefits, is being sold as two (2) lots combined with dedicated covered resident parking. This multi-family investment is in an emerging area, walking distance from the newly restored Downtown Merced, is a short drive to Merced College and UC Merced, in an area with strong rental growth. Close access to both public transportation, freeways and proposed HIGH-SPEED RAIL STATION. Properties contains (6) two bedroom/one bathroom units. Building has a good rental upside potential. Both buildings are located on the same lot with two separate parcel numbers. Excellent opportunity. Marketing package can be sent by request with more information. All units are currently being rented on month-to-month terms, except for one (1) unit which is partially through a year-long lease. This property is listed at $1.2 million dollars. A PERFECT 1031 opportunity!! Take advantage of income-producing investment and Opportunity Zone incentives and purchase an investment property in up and coming Merced. What more could you want from a rental property? THIS ONE HAS IT ALL!
Listing description from the April 2023 sale, as reported to CRMLS.
Sale history
