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Randy Hayer
Realty Executives of Merced
Merced, CA 95348

209-765-3767
Email Me
DRE#01251542

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Listing 2 out of 256
$4,100,000 For Sale

2456 Glen Avenue
Merced, CA 95340

42 units | Multi Family Home
3.6 acres - MLS# MC19111074
Property Photo
1/72

Description

MOTIVATED SELLER AGREED TO A GENEROUS PRICE REDUCTION!!!FABULOUS OPPRTUNITY TO OWN 44 APARTMENT UNITS IN MERCED. THIS COMPLEX IS OVER 100% RENTED AT THIS TIME. THESE 11 BUILDINGS/44 UNITS ARE LOCATED ON 3.6 ACRES WITH 5 PARKING LOTS AND STREET/PRIVATE DRIVEWAY PARKING. POOL AND LARGE OPEN GREEN SPACE PERFECT FOR ALL TO ENJOY!! Close to Shopping, Freeway, Schools and a short distance to UC Merced!!! 44 Total units, 42 rentable, one is an office, and one is a laundry facility.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 95340
  • Year Built: 1975
  • Stories: One
  • Units: 42 units
  • Lot Size: 3.6 acres
  • Pool or Spa: Private,Fenced,In Ground, Yes
  • View: Neighborhood, Yes
  • Zoning: R-4
  • Average Studio Area Units: Square Feet
  • Average2Bed Area: 800
  • Average2Bed Area Units: Square Feet
  • Average3Bed Area Units: Square Feet
  • Building Area Total: 35200.00
  • Building Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Community Features: Curbs, Gutters
  • Construction Materials: Frame
  • Cooling: Wall/Window Unit(s)
  • Cooling YN: Yes
  • Country: US
  • Directions: North on glen Past Santa Fe on the right hand side
  • Electric Expense: 31000.00
  • Entry Level: 1
  • Flooring: Carpet, Vinyl
  • Gross Income: 315000.00
  • Gross Scheduled Income: 387000.00
  • Heating: Floor Furnace
  • Heating YN: Yes
  • Insurance Expense: 11000.00
  • Laundry Features: Common Area, Individual Room
  • Laundry YN: Yes
  • Listing Agent License: 01221716
  • Listing Office License: 01182007
  • Lot Features: 36-40 Units/Acre
  • Lot Size Area: 3.6000
  • Lot Size Source: Assessor
  • Lot Size Units: Acres
  • MLS: CRM
  • Net Operating Income: 296051.00
  • New Taxes Expense: 9500.00
  • Number Of Buildings: 11
  • Number Of Separate Electric Meters: 44
  • Number Of Separate Gas Meters: 44
  • Number Of Separate Water Meters: 4
  • Operating Expense: 90949.00
  • Property Attached YN: Yes
  • Road Surface Type: Alley Paved, Paved
  • Roof: Composition
  • Room Type: All Bedrooms Down
  • Sewer: Public Sewer
  • Special Conditions Details: Trust
  • Stories Total: 1
  • Total Expenses: 90949.00
  • Trash Expense: 15000.00
  • Utilities: Cable Connected, Phone Connected, Sewer Connected
  • Water Sewer Expense: 15000.00
  • Water Source: Public
  • Year Built Source: Assessor
Courtesy of Century 21 Salvadori Realty, Conchita Swiggart



Randy Hayer | 209-765-3767 | Contact Me
189 W. El Portal Drive - Merced, CA 95348
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