2405 N Street, Merced, CA, CA 95340
- $649,900
- List Price
- $649,900
- Status
- ACTIVE
- MLS#
- MC26157511
- County
- Merced
- Year Built
- 1952
- Building Square Feet
- 4,812
- Square Feet
- 1,950
- Days on Market
- 9
- Property Type
- Multifamily
- Stories
- One Level
Property Description
Great opportunity for investors! 3 single family homes and a duplex on a .45 acre lot. Single family homes are two 2 bed/1 bath homes, and one 3 bed/2 bath home. Each duplex unit is 2 bed/1 bath. One single family home has a 5-year-old roof, the duplex and one of the homes had roofs placed in 2026. The remaining home will have a new roof installed prior to close of escrow. All units have a one car garage. The units are well maintained with a good rental history. Current rents are $5,700 but 3 units are significantly under market rate. Every unit has individual laundry hookups. The 3bed/2bath home has central heat and air, all other units have wall furnaces and evaporative coolers.
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Additional Information
- Parcel Number
- 030092015000
- Gross Scheduled Income
- $68,400
- Operating Expense
- 13755
- Net Operating Income
- $54,625
- Number of Buildings
- 4
- Lot Features
- Corner Lot
- Heat
- Central, Wall Furnace
- Cooling
- Yes
- Garage Spaces Total
- 5
- Sewer
- Public Sewer
- Water
- Public
- Community Features
- Urban
Listing courtesy of Listing Agent: Melinda Price (mprice@londonproperties.com) from Listing Office: London Properties Ltd - Merced.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.