$188,000
$198,000
5.1%For more information regarding the value of a property, please contact us for a free consultation.
0.41 Acres Lot
SOLD DATE : 08/31/2012
Key Details
Sold Price $188,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID MC12033402
Sold Date 08/31/12
HOA Y/N No
Year Built 1947
Tax Year 2011
Lot Size 0.410 Acres
Property Description
This opportunity is for 3 houses on a single parcel. Each house has been completely remodeled since property was acquired on a short sale in 2010. There are three houses, one parcel, one APN.
1788 East 22nd 1 bedroom, rented at $ 550
2169 Keely, 2 bedroom, rent of $745
2181 Keely, 4 bd rented at $ 950
Under excellent local property management, monthly fee of $ 100.
Water-sewer runs ~ $ 191 a month
This is subject to inspection and the leases. Please do not disturb the tenants.
Estimated net operating income is ~ $ 20,000, making this a 10% cap rate.
Location
State CA
County Merced
Interior
Heating Wall Furnace
Fireplace No
Exterior
Parking Features Assigned
Garage Spaces 2.0
Garage Description 2.0
Total Parking Spaces 5
Building
Story One
Entry Level One
Level or Stories One
Others
Tax ID 034121019000
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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Bought with Mark Yandow • Yandow Realty Group
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "