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308 W 20th Street

Merced, CA 95340
  • $1,200,000
  • STATUS: Active
  • ON SITE: 135 Days
  • ID#: MP22203016
UPDATED: 47 min ago
$1,200,000
  • 12
    BEDS
  • 0.31
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 4,356
    SQFT
  • $275
    $/SQFT
Type:
Single-Family Home
Built:
1966
County:

School Ratings & Info

School District:
Listing Agent(s): Zoe Alexander of Realty Executives Of Merced (209-385-8500)


Description

INVESTORS!! Two lots listed together 308, 310, 312 W. 20th St./ 1927, 1935, 1943 Martin Luther King Jr. Way. 6 TOTAL UNITS located in an OPPORTUNITY ZONE (Census Tract 13.02), which includes special tax benefits, is being sold as two (2) lots combined with dedicated covered resident parking. This multi-family investment is in an emerging area, walking distance from the newly restored Downtown Merced, is a short drive to Merced College and UC Merced, in an area with strong rental growth. Close access to both public transportation, freeways and proposed HIGH-SPEED RAIL STATION. Properties contains (6) two bedroom/one bathroom units. Building has a good rental upside potential. Both buildings are located on the same lot with two separate parcel numbers. Excellent opportunity. Marketing package can be sent by request with more information. All units are currently being rented on month-to-month terms, except for one (1) unit which is partially through a year-long lease. This property is listed at $1.2 million dollars. A PERFECT 1031 opportunity!! Take advantage of income-producing investment and Opportunity Zone incentives and purchase an investment property in up and coming Merced. What more could you want from a rental property? THIS ONE HAS IT ALL!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-01-30T16:30:54.57. 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 deemed reliable but is not guaranteed accurate by the MLS or Elite Real Estate Group | Keller Williams Realty Central Coast. Licensed in the State of California, USA.
www.swackrealestategroup.com/homes/133153628
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308 W 20th Street Merced, CA 95340

  • Price: $1,200,000
  • Status: Active
  • On Site: 135 Days
  • Updated: 47 min ago
  • ID#: MP22203016
12
Beds
6
Baths
0
½ Baths
0.31
Acres
4,356
SQFT
$275
$/SQFT
1966
Built
County:
Merced
School District:
Merced City
Property Description
INVESTORS!! Two lots listed together 308, 310, 312 W. 20th St./ 1927, 1935, 1943 Martin Luther King Jr. Way. 6 TOTAL UNITS located in an OPPORTUNITY ZONE (Census Tract 13.02), which includes special tax benefits, is being sold as two (2) lots combined with dedicated covered resident parking. This multi-family investment is in an emerging area, walking distance from the newly restored Downtown Merced, is a short drive to Merced College and UC Merced, in an area with strong rental growth. Close access to both public transportation, freeways and proposed HIGH-SPEED RAIL STATION. Properties contains (6) two bedroom/one bathroom units. Building has a good rental upside potential. Both buildings are located on the same lot with two separate parcel numbers. Excellent opportunity. Marketing package can be sent by request with more information. All units are currently being rented on month-to-month terms, except for one (1) unit which is partially through a year-long lease. This property is listed at $1.2 million dollars. A PERFECT 1031 opportunity!! Take advantage of income-producing investment and Opportunity Zone incentives and purchase an investment property in up and coming Merced. What more could you want from a rental property? THIS ONE HAS IT ALL!
Exterior Features

Attached Garage YN Yes Carport Spaces 6 Carport YN Yes Lot Features Corner LotFront YardYard Parking Total 12 Pool Features None Pool Private YN No Property Attached YN Yes Roof Composition View None View YN No

Interior Features

Common Walls 2+ Common WallsNo One AboveNo One Below Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes Main Level Bathrooms 6 Main Level Bedrooms 12

Property Features

Additional Parcels YN Yes Association Fee 0 Association YN No Common Interest None Community Features CurbsStorm Drain(S)Street LightsSuburbanSidewalks Garage YN Yes Land Lease YN No Laundry Features Washer Hookup Lease Considered YN No Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional1031 Exchange New Construction YN No Property Sub Type Mixed Use Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Structure Type Mixed Use Utilities Electricity ConnectedPhone ConnectedSewer ConnectedWater Connected Water Source Public Zoning Multi-Fam



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-01-30T16:30:54.57. 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 deemed reliable but is not guaranteed accurate by the MLS or Elite Real Estate Group | Keller Williams Realty Central Coast. Licensed in the State of California, USA.
 
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Elite Real Estate Group | Keller Williams Realty Central Coast
1851 Shell Beach Road Ste B
Shell Beach CA, 93449
Listing Agent(s): Zoe Alexander of Realty Executives Of Merced (209-385-8500)