3150 College Ave - Apartments FOR SALE


Merced, CA 95340
$1,499,999 USD
209-383-3000
3150 College Ave, Merced, CA for Sale
$1,499,999 USD
Apartments - FOR SALE
1/17
null | 5.37% Cap Rate

3150 College Ave
Merced, CA 95340


HIGHLIGHTS

  • UC Merced
  • Shopping centers nearby
  • Garages for each unit with washer/dryer hookups

OVERVIEW

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. ***INTERIOR PHOTOS ARE OF 2 UNITS THAT WERE REMODELED. THESE UNITS ARE CURRENTLY OCCUPIED.***

FOR SALE DETAILS

PRICE

$1,499,999 USD

PRICE/SF

$268 USD /SF

# OF UNITS

8

PRICE/UNIT

$187,500

CAP RATE

5.37%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3150-3158 College Ave.

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R-3-2

APN/PARCEL ID

006-122-017,006-122-018

ASK ABOUT THIS PROPERTY

Armando DiazSoldaviMore Info
209-383-3000

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Armando DiazSoldaviMore Info
209-383-3000

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