1680-1690 Ellen Ave

    Merced, CA 95341
    • $2,350,000
    • STATUS: Active
    • ON SITE: 36 days
    • ID#: ML81756946
    UPDATED: 195 min ago
    $2,350,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 19,236
      SQFT
    • $122
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1979
    County:

    School Ratings & Info

    Description

    Listing also Includes parcels: 035-124-031, 035-123-023 First Commercial Real Estate is pleased to present 1680-1690 Ellen Ave in Merced, CA. This twenty-two unit apartment community is comprised of four two-story buildings with a unit mix of 8 townhouse style two-bedroom/one and a half-bathroom floorplans at approximately 1,061 sq ft each, 12 two-bedroom/one-bathroom floorplans at approximately 800 sq ft each, and 2 one-bedroom/one-bathroom floorplans at approximately 575 sq ft each. Situated on three parcels spanning a total of .76 acres, this property features a superior unit mix, ample on-site parking, and laundry facilities. This property has tremendous value-add potential as current ownership has upgraded a number of the floorplans and done extensive renovations to the exterior. Allowing an investor reposition the property by simply increasing rent to market levels with minimal capital expenditure. *****7.51% CAP RATE AT PROFORMA MARKET RENTS

    Monthly Payment Calculator



    © 2019 MLSListings Inc. Based on information from MLSListings MLS as of 2019-07-23T23:49:50.47. 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. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Strock Real Estate.

    Licensed in the State of California.
    www.strockrealestate.com/homes/96017824

    1680-1690 Ellen Ave Merced, CA 95341

    • Price: $2,350,000
    • Status: Active
    • Updated: 195 min ago
    • ID#: ML81756946
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    19,236
    SQFT
    $122
    $/SQFT
    1979
    Built
    Neighborhood:
    Merced Central
    County:
    Merced
    Area:
    Merced Central
    Property Description
    Listing also Includes parcels: 035-124-031, 035-123-023 First Commercial Real Estate is pleased to present 1680-1690 Ellen Ave in Merced, CA. This twenty-two unit apartment community is comprised of four two-story buildings with a unit mix of 8 townhouse style two-bedroom/one and a half-bathroom floorplans at approximately 1,061 sq ft each, 12 two-bedroom/one-bathroom floorplans at approximately 800 sq ft each, and 2 one-bedroom/one-bathroom floorplans at approximately 575 sq ft each. Situated on three parcels spanning a total of .76 acres, this property features a superior unit mix, ample on-site parking, and laundry facilities. This property has tremendous value-add potential as current ownership has upgraded a number of the floorplans and done extensive renovations to the exterior. Allowing an investor reposition the property by simply increasing rent to market levels with minimal capital expenditure. *****7.51% CAP RATE AT PROFORMA MARKET RENTS
    Exterior Features

    Foundation Concrete Block Garage Parking Assigned SpacesCarportOn Street Number Of Buildings 4 Pool YN No Roof Flat / Low PitchShingle Units In Complex Min 22

    Interior Features

    Beds Unit1 2 Beds Unit2 2 Beds Unit3 1 Cooling Central AcWindow / Wall Unit Flooring LaminateTileOther Heating Central Forced AirWall Furnace Laundry Coin Operated Sq Ft Unit1 1061 Sq Ft Unit2 800 Sq Ft Unit3 575 Structure Sq Ft 19236

    Property Features

    Accessibility Features None Additional Listing Info Not Applicable City Name Merced Community Name Ellen Ave Apartments Hoa YN No Lot Size Area Maximum 33471.00 Meters Separate ElectricSeparate Other Rent Unit1 975 Rent Unit2 600 Rent Unit3 550 Restrictions None Security Features None Sewer Septic Sewer - Public Sq Ft Source Other Utilities Individual Electric Meters Water Public Zoning R-4

    © 2019 MLSListings Inc. All rights reserved. Listing provided courtesy of Colton Toste of Kpd Real Estate & Advisory Inc.


    © 2019 MLSListings Inc. Based on information from MLSListings MLS as of 2019-07-23T23:49:50.47. 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. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Strock Real Estate.

    Licensed in the State of California.
     
    Strock Real Estate
    251-A Center Ave.
    Aptos CA, 95003