901 Barney

36

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 apartment that went vacant in February rerented for $675 on March first. in 2017 Merced Park collected ~ 301,000; 1st quarter 2018 is at $ 83,497 an annualized rate of $ 333,988.
901 Barney, Merced, CA 95340 | Residential Income | Active | 3000 SF | 18636 SF Lot | Built 1955 | MLS# MC17275981

Offered at $3,700,000

Features

Interior Features: Unfurnished | Parking Spaces: 36 | Pool: No | View: Trees/Woods | Colling : Wall Window,Evaporative | Roofing: Composition | Heating : Wall Heater

Meet an expert

Troy Palmquist
Agent | CalBRE# 01772139

805.409.3662

Based on information from California Regional Multiple Listing Service, Inc. as of May 21, 2018. 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.

Listing provided by
Mark Yandow, Yandow Realty Group, Source: Local MLS