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$1,350,000
Est. payment /mo
0.31 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41128774
HOA Y/N No
Year Built 1966
Lot Size 0.310 Acres
Property Sub-Type Triplex
Property Description
INCREDIBLE INVESTMENT OPPORTUNITY! Two adjacent parcels—308, 310, 312 W. 20th St. and 1927, 1935, 1943 Martin Luther King Jr. Way—are being offered together, featuring a total of six units. This multi-family asset is located in a rapidly developing area within walking distance of revitalized Downtown Merced. It also offers convenient access to Merced College and University of California, Merced, as well as nearby public transportation, major freeways, and the planned high-speed rail station—making it highly attractive for tenants.The property consists of six 2-bedroom, 1-bathroom units, all currently tenant-occupied. Major upgrade already done! Roof is under 6 years old. One unit has been fully renovated, featuring fresh paint, new flooring, and a completely updated kitchen and bathroom. The property offers four covered parking spaces, along with ample street parking for tenants and guests. Both buildings sit on the same site under two separate parcel numbers, presenting flexibility and added value. This is an excellent candidate for a 1031 exchange. Don't miss the chance to secure an income-generating property in one of Merced's most promising growth areas. This is an opportunity you won't want to overlook.
Location
State CA
County Merced
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet, Laminate, Tile
Fireplace No
Exterior
Parking Features Covered
Roof Type Metal
Total Parking Spaces 4
Building
Sewer Public Sewer
Others
Tax ID 031071005000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Jesse Kalsi Kal Real Estate Group #01181722
NEARBY SCHOOL & BUSINESS
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