$1,100,000
207 St Michelle Drive Merced, CA 95348
Save Share 
Schedule a Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$1,100,000
Est. payment /mo
8 Beds
0.6 Acres Lot
UPDATED:
10/23/2024 11:48 AM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID MC24205443
Bedrooms 8
HOA Y/N No
Lot Size 0.597 Acres
Property Description
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: Merceds 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.
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: Merceds 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.
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: Merceds 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.
Location
State CA
County Merced
Area Merced (95348)
Zoning Assessor
Interior
Cooling Central Forced Air
Building
Lot Description Sidewalks
Story 1
Others
Monthly Total Fees $28
Acceptable Financing Cash
Space Rent $1,225
Listing Terms Cash
Read Less Info
Listed by Andrew Alkema • Keller Williams Property Team
GET MORE INFORMATION
Chris & Courtney Cameron
Agent | Office DRE #02021421 | 01766250
Agent Office DRE #02021421 | 01766250