This Multifamily Property is no longer advertised on LoopNet.com.

1725-1735 W North Bear Creek Dr
Merced, CA 95348

Cap Rate: 6.23% | Proforma Cap Rate: 8.03% · Multifamily Property For Sale · 12 Units

Apartment Buildings California Merced 1725-1735 W North Bear Creek Dr, Merced, CA 95348

INVESTMENT HIGHLIGHTS

  • Prime 12-Unit Townhome Complex: Featuring two-story townhomes with spacious two-bedroom, one-and-a-half-bathroom units.
  • Value-Added Opportunity: Potential to increase rental income by raising rents to market levels
  • Strong Rental Demand: Located in a thriving market with high demand for quality rental housing in Merced.
  • Increasing Cap Rate: Proforma projections show an annually increasing cap rate from the current 6.23% to 7.07% (Year 1), 7.84% (Year 2), and 8.03%.
  • Utility Savings: Ratio Utility Billing System (RUBS) will be implemented on September 1, 2024, for efficient utility management.
  • Stable Investment: Long-term rental history with consistent occupancy.

PROPERTY FACTS

No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.52 AC
Building Size 11,000 SF
No. Stories 2
Year Built 1983

UNIT AMENITIES

  • Air Conditioning
  • Heating

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1.5 12 - -

PROPERTY TAXES

Parcel Number 058-150-047 Improvements Assessment $486,412
Land Assessment $72,103 Total Assessment $558,515

ZONING

Zoning Code R-3-1.5
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  • Listing ID: 32170986

  • Date on Market: 6/18/2024

  • Last Updated:

  • Address: 1725-1735 W North Bear Creek Dr, Merced, CA 95348

More public record information on 1725-1735 W North Bear Creek Dr, Merced, CA 95348

The Multifamily Property at 1725-1735 W North Bear Creek Dr, Merced, CA 95348 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

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