901 Barney

    Merced, CA 95340
    • $3,840,000
    • STATUS: Active
    • ON SITE: 70 days
    • ID#: MC17275981
    UPDATED: 39 min ago
    $3,840,000
    • 0
      BEDS
    • 0.43
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,000
      SQFT
    • $1,280
      $/SQFT
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    The Merced Park Apartment Complex was constructed in the 1950s, and consists of 63 units on East 23rd and Barney. Concrete slabs. Stucco exterior. composition roofs. Basic units. This opportunity is for forty-eight (48) of those units. There are seven triplexes on East 23rd Street (910 thu 1030 East 23rd), and one five unit and two eight unit configurations on Barney (901 thru 1003 Barney), six units on Willow. There is a lot of open green area and large shade trees. There is room to add a few more units on the property.All units have similar configuration: 1 bedroom, 1 bathroom, kitchen area (stove, range, refrigerator), carport, wall gas heater, either a roof mounted swamp cooler or two wall AC units.Complex has been running full for several years, average ~1 move in and outs a month. The last unit rented for $640, the current vacancy is being marketed at $ 675.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-24T22:26:23.297. 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.
    www.themarellygroup.com/homes/79436571

    901 Barney Merced, CA 95340

    • Price: $3,840,000
    • Status: Active
    • Updated: 39 min ago
    • ID#: MC17275981
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.43
    Acres
    3,000
    SQFT
    $1,280
    $/SQFT
    1955
    Built
    County:
    Merced
    Property Description
    The Merced Park Apartment Complex was constructed in the 1950s, and consists of 63 units on East 23rd and Barney. Concrete slabs. Stucco exterior. composition roofs. Basic units. This opportunity is for forty-eight (48) of those units. There are seven triplexes on East 23rd Street (910 thu 1030 East 23rd), and one five unit and two eight unit configurations on Barney (901 thru 1003 Barney), six units on Willow. There is a lot of open green area and large shade trees. There is room to add a few more units on the property.All units have similar configuration: 1 bedroom, 1 bathroom, kitchen area (stove, range, refrigerator), carport, wall gas heater, either a roof mounted swamp cooler or two wall AC units.Complex has been running full for several years, average ~1 move in and outs a month. The last unit rented for $640, the current vacancy is being marketed at $ 675.
    Exterior Features

    Architectural Style Ranch Carport Spaces 36.00 Construction Materials Stucco Foundation Details Combination Garage Spaces 0.00 Lot Features LandscapedLawnNear Public TransitPark Nearby Lot Size Source Estimated Lot Size Units Square Feet Parking Features AssignedCarportCarport Attached Parking Total 36.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Roof Composition Spa Features None Spa YN No View Trees/Woods View YN Yes

    Interior Features

    Appliances Gas RangeGas StoveGas Water Heater Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area 600 Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling Wall WindowEvaporative Cooling YN Yes Flooring CarpetLaminateTile Heating Wall Heater Heating YN Yes Interior Features Unfurnished Laundry Features Community Levels One Room Type All Bedrooms DownKitchen

    Property Features

    Additional Parcels Description 034-041-031034-041-030034-042-014 Additional Parcels YN Yes Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Urban Country Us Electric Expense 3100.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 300000.00 Gross Scheduled Income 300000.00 Insurance Expense 7000.00 Land Lease YN No Laundry YN Yes Net Operating Income 155000.00 New Taxes Expense 35700.00 Number Of Separate Electric Meters 48 Number Of Separate Gas Meters 48 Number Of Separate Water Meters 11 Number Of Units Leased 47 Number Wall AC 20 Number With Range 48 Number With Refrigerator 48 Operating Expense 145000.00 Operating Expense Percent 50.00 Pest Control Expense 1200.00 Professional Management Expense 15000.00 Rent Control YN No Security Features Smoke Detector Senior Community YN No Sewer Sewer Paid Special Listing Conditions Standard Total Expenses 145000.00 Trash Expense 12000.00 Utilities Phone ConnectedSewer ConnectedWater Connected Water Sewer Expense 12000.00 Water Source Public Year Built Source Estimated Zoning R-2

    Listing provided courtesy of Mark Yandow of Yandow Realty Group.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-24T22:26:23.297. 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.
    The Marelly Group | Realty One Group
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003