Property Details
About this Property
This fully-occupied 6-unit multifamily property offers immediate cash flow with significant upside potential through strategic rent increases. Located in the rapidly developing Merced market, this property benefits from proximity to downtown, shopping, and major transportation routes, ensuring a steady stream of tenant demand. Investment Highlights: Unit Mix & Size: The complex features five spacious 2-bed, 2-bath units (1,119-1,389 sqft) and one 1-bed, 1-bath unit (756 sqft), ideal for attracting long-term tenants. Value-Add Potential: With multiple units currently renting below market rate, there is clear upside in rents. Recent leases indicate strong tenant retention and potential for rent increases to meet market trends. Strong Location Fundamentals: Merced’s growing population and the development surrounding UC Merced create sustained demand for rental housing, positioning this asset for long-term appreciation and strong occupancy levels. Parking: Dedicated covered parking enhances tenant satisfaction and property appeal. Low Operating Expenses: The property is well-maintained, reducing the immediate need for capital expenditures and allowing investors to focus on optimizing cash flow.
MLS Listing Information
MLS #
CRMC24205443
MLS Source
California Regional MLS
Interior Features
Cooling
Central Forced Air
Heating
Central Forced Air
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
207 St Michelle Dr is a Residential Income in Merced, CA 95348. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,100,000 and was built in 1988. This address can also be written as 207 St Michelle Dr, Merced, CA 95348.
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This listing information is up-to-date as of October 22, 2024. For the most current information, please contact Andrew Alkema, (209) 500-4663
