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!

Features
: Wall Furnace
: Wall/window Unit(s)
: 12
: Sidewalks, Street Lights, Storm Drain(s), Curbs, Suburban
$0
: Composition
: Public Sewer
Address Map
US
CA
Merced
Merced
95340
308 W 20th Street
0
W121° 31' 15.1''
N37° 18' 11.4''
Additional Information
Realty Executives of Merced
Zoe Alexander
$0
6
0 Sqft
$0
6
0
0
Located at the corner of West 20th St. and Martin Luther King Jr. Way
$0
6
Palo Verde
1
zoe@yosemiterealtor.com
Cash,Cash to New Loan,Conventional,1031 Exchange
mjhaulahan@aol.com
: Corner Lot, Front Yard, Yard
$0
Rogich Sig
1
031071005000
1
: Standard
1
: Mixed Use
$0
: Sewer Connected, Water Connected, Electricity Connected, Phone Connected
MULTI-FAM
mpalexanderz
mpreom
12

Residential

308 W 20th Street, Merced, California95340

12 Bedrooms
6 Bathrooms
4,356 Sqft
$1,200,000
Listing ID #MP22203016
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : MP22203016
Price : $1,200,000
Bedrooms : 12
Bathrooms : 6
Square Footage : 4,356 Sqft
Year Built : 1966
Lot Area : 13,499 Sqft
Status : Active
Property Sub Type : Mixed Use
Agent info
Contact Agent
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