1832 Merced St - Apartments FOR SALE


Madera, CA 93638
$5,500,000 USD
805-804-7778
1832 Merced St, Madera, CA for Sale
$5,500,000 USD
Apartments - FOR SALE
1/48
null | Request Cap Rate

1832 Merced St
Madera, CA 93638


OVERVIEW

Valley Vista Apartments is located at 1832 Merced Street in the city of Madera, California, within Madera County in the central portion of the state. Madera is a growing community in the San Joaquin Valley, positioned north of Fresno and characterized by diverse residential and employment markets with ongoing demand for affordable housing. The property serves lower-income households in a market with limited affordable rental supply, supporting consistent demand for income-restricted housing. All 60 units at Valley Vista Apartments participate in the Section 42 Low-Income Housing Tax Credit (LIHTC) program, providing long-term income and rent restrictions that support affordability and regulatory stability. Valley Vista benefits from convenient access to State Route 99, providing regional connectivity to Fresno and surrounding Central Valley employment centers. The local market is characterized by a constrained supply of affordable housing, contributing to long-term occupancy stability and sustained demand for regulated rental units.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$67 USD /SF

# OF UNITS

60

PRICE/UNIT

$91,667

CAP RATE

Request Cap Rate

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Valley Vista Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1998

PARKING SPACES

60

LAND DETAILS

LAND ACRES

4.64 AC

LAND SF

202,118 SF

ZONING

-

APN/PARCEL ID

005-110-032

ASK ABOUT THIS PROPERTY

Cole EvartsLIHTC AdvisorsMore Info
805-804-7778

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Cole EvartsLIHTC AdvisorsMore Info
805-804-7778

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.