3270 Denver Avenue, Merced, CA 95348

About this property

We are pleased to present "Yosemite Apartments". Yosemite apartments is a beautiful, impeccably maintained, 50 unit, multifamily investment opportunity, located in heart of Merced County. The asset has an Incredible unit mix, comprised of 20 - 2 bed x 1 bath units. 20 – 1 bed x 1 baths & 10 studios. Situated on 2.3 acres of beautifully manicured grounds. The asset boasts a large onsite swimming pool, nicely renovated laundry room, workshop, storage/tool shed, 50 covered parking spaces, 16 uncovered, with three handicap. The asset is currently 100% occupied, with waiting list. In place rents are approximately 20% below market, in current condition. ADU opportunity, prospective investor is advised to call City Of Merced for confirmation on ADU potential. The building is located in close proximity to Downtown Merced, ten minutes to UC Merced, 90 minutes to San Francisco & world renowned Yosemite National Park. Seller financing is available to qualified buyer, at extremely competitive rates.

Listing description from the July 2023 sale, as reported to CRMLS.

Sale history

$6,200,000

Sold July 2023 · listed $6,750,000, on market April 2023 · MLS #PW23055035 · Source: CRMLS

Listing Agent: Cameron Jacques · Listing Office: Kinnery's Brokerage House · Contact: 310-490-8134 · Bought with: Tony Alahverdi · TAG Realty Inc

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