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

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

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

ADDITIONAL PHOTOS

Retailer Map

Aerial

Building Photo

Parking Lot

Building Photo

Parking Lot

Plat Map

Listing ID: 32170986
Date on Market: 6/18/2024
Last Updated:
Address: 1725-1735 W North Bear Creek Dr, Merced, CA 95348

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