Discover an exceptional investment opportunity at 1725-1735 West North Bear Creek Drive, Merced, CA. This 12-unit complex features spacious two-bedroom, one-and-a-half-bathroom townhome-style apartments, all with central HVAC, covered and uncovered parking, and an on-site laundry room. With units currently below market rent, this property offers significant value-added potential. Proforma projections show an annually increasing cap rate from the current 6.23% to 7.07% (Year 1), 7.84% (Year 2), and 8.03% (Year 3 - Market Rent). Merced's growing demand for quality rental housing suggests a steady stream of potential tenants, providing the potential for reliable rental income and low vacancy rates. Located in the heart of Merced, CA, the apartment complex at 1725-1735 West North Bear Creek Drive is situated in the Merced City Elementary School District, appealing to families seeking quality education for their children. The surrounding area is bustling with retail and dining options around 16th St., including Costco, Starbucks, In-N-Out Burger, Taco Bell, Popeyes, Family Dollar, and Grocery Outlet. Banking services are conveniently nearby with Bank of America, Citibank, and Westamerica Bank. The property is well-connected to major transportation routes like Interstate 99.
MLS #
ME224066701
MLS Source
MetroList Services, Inc.
Appliances
Other
Flooring
Laminate, Other
Laundry
Coin Operated
Cooling
Central Forced Air
Heating
Central Forced Air
Foundation
Other
Style
Other
Garage/Parking
Covered Parking, Other, Garage: 0 Car(s)
High School District
Merced Union High
Sewer
Other
Water
Other
HOA Fee
$0
Zoning
HIGH MEDIUM DENSITY RESID
# Buildings | # Leased Units | # Total Units |
---|---|---|
3 | 12 | – |
Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
---|---|---|---|---|---|---|
1 | 900 | 2 | 1/1 | $1,350 | – | – |
2 | 900 | 2 | 1/1 | $1,250 | – | – |
3 | 900 | 2 | 1/1 | $1,166 | – | – |
4 | 900 | 2 | 1/1 | $1,165 | – | – |
1725 W North Bear Creek Dr is a Residential Income in Merced, CA 95348. This 11,000 square foot property sits on a 0.516 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at – and was built in –.
This address can also be written as 1725 W North Bear Creek Dr, Merced, CA 95348.©2024 MetroList Services, Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MetroList Services, Inc.
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This listing information is up-to-date as of August 13, 2024. For the most current information, please contact Colton Toste, (209) 461-6400