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    822 W 21st Street

    Merced, CA 95340
    • $995,000
    • STATUS: Pending
    • ON SITE: 97 days
    • ID#: MC21135839
    Pending
    UPDATED: 42 min ago
    $995,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    Fully Stabilized AssetThe property is fully leased and only 2 out of the 6 units are at market rate.Great potential to increase income over 25% by bringing to full market rates.Additional Upside due to ZoningAll parcels are Zoned Commercial Office (C-O). This would give an investor the opportunity to convert the homes into offices or demolish the existing structures and build an office complex. Smaller Downtown office space built to class "A standards can be leased at $1.50 per square foot NNN.Adjacent to Courthouse and Proximity to DowntownThe Property is located adjacent to the Merced County Courthouse, the Merced Courthouse Square Park, close proximity to the Downtown Business District, Bob Hart Square, the recently renovated Mainzer Theater, Tioga Hotel, El Capitan Hotel & UC Merced Administration Building.Even More Upside Value!There are 4 separate parcels. An investor can sell off parcels individually to bring in immediate profit. 3 parcels have single family homes. 1 parcel has a single family home and a duplex.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-28T00:27:18.817. 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 The Najar Group | Keller Williams Realty. Licensed in the State of California, USA.
    www.thenajargroup.com/homes/118604099
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    822 W 21st Street Merced, CA 95340

    • Price: $995,000
    • Status: Pending
    • Updated: 42 min ago
    • ID#: MC21135839
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1924
    Built
    County:
    Merced
    Property Description
    Fully Stabilized AssetThe property is fully leased and only 2 out of the 6 units are at market rate.Great potential to increase income over 25% by bringing to full market rates.Additional Upside due to ZoningAll parcels are Zoned Commercial Office (C-O). This would give an investor the opportunity to convert the homes into offices or demolish the existing structures and build an office complex. Smaller Downtown office space built to class "A standards can be leased at $1.50 per square foot NNN.Adjacent to Courthouse and Proximity to DowntownThe Property is located adjacent to the Merced County Courthouse, the Merced Courthouse Square Park, close proximity to the Downtown Business District, Bob Hart Square, the recently renovated Mainzer Theater, Tioga Hotel, El Capitan Hotel & UC Merced Administration Building.Even More Upside Value!There are 4 separate parcels. An investor can sell off parcels individually to bring in immediate profit. 3 parcels have single family homes. 1 parcel has a single family home and a duplex.
    Exterior Features

    Lot Features Back Yard Number Of Separate Electric Meters 6 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 1 Common Wall Heating None Heating YN No

    Property Features

    Additional Parcels YN Yes Common Interest None Community Features Gutter(S) Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 64128 Gross Scheduled Income 64128 Insurance Expense 2700 Land Lease YN No Laundry Features See Remarks Levels One Listing Agreement Exclusive Right To Sell Listing Service Limited Service Listing Terms Submit Net Operating Income 48442 New Construction YN No Number Of Separate Gas Meters 6 Number Of Separate Water Meters 4 Operating Expense 15686 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 7856 Water Source Public Zoning C-O

    Listing provided courtesy of Jacob Morgner of Tinetti Realty Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-28T00:27:18.817. 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 The Najar Group | Keller Williams Realty. Licensed in the State of California, USA.
     
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    The Najar Group | Keller Williams Realty
    1014 Broadway Ste C
    El Cajon CA, 92021