2610 N State Highway 59 Merced, CA $ 2,500,000
2610 N State Highway 59
$ 2,500,000
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2610 N State Highway 59

Merced, CA, 95348
$ 2,500,000
Bedrooms24 Baths1.0 Sq 9,096

Monthly Estimate*

$ 16,616

Listed by Century 21 Select Real Estate
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Multi-Family Home for sale in Merced, CA

for $2,500,000 with 24 bedrooms and 1 full bath. This 9,096 square foot home was built in 1970 on a lot size of 0.4588.

Are you looking for a multi-unit complex with all kinds of potential, well you can stop your search right here. This is a 12 unit complex, 2 buildings with 6 units in each. The units are almost 760 sq feet per unit. All units are 2 bed one bath. The total building space is 9507 sq ft. Each building has its on coin operated laundry, 2 in all. There has been a recent flood that has affected the lower 3 units of each building. Some repairs have been made but are selling the property as is in current condition. The 12 units were being remodeled at the time of the flood. there were 4 newer water heaters and 2 new tub/showers installed on units in the 2610 building and 6 new water heaters and 6 tubs/showers in the 2620 building. Only 1 unit is currently rented at this time. current rent on that unit is $1365 per month. All New doors and security doors were installed prior to flood. New flooring was also installed in some units. Owner also had new stairs and balcony entrance (deck) installed at a cost of around $80,000. All units have central Heat and Air. Each unit also has storage area. There is ample parking for 20 vehicles on paved parking area. This is a hard to find 12 unit complex so reach out today. Selling as is. Buyer to participate in a 1031 exchange at no cost to buyer. SELLER WILL CONSIDER TRADE OF PROPERTIES. ***Updated Photos***

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Multi-Family Active

Price

$ 2,500,000

Bedrooms

24

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Lot Size

0.4588

Year Built

1970

Town/City

Merced

County/Region

Merced

MLS | Web ID

MC23048755

Days on Market

432

Features
General
Sewer PublicSewer
Heating Central
Cooling CentralAir
Utilities CableAvailable OverheadUtilities
Possession CloseOfEscrow
Roof Composition
Appliances ElectricRange RangeHood
Zoning R-3-1.5
Garage Spaces 0.0
Pool Features None
Year Built 1970
Electric Item220VoltsinKitchen
Property SubType Apartment
Gross Income 0.0
Community Features Gutters StormDrains StreetLights
County Merced
Net Operating Income 0.0
Operating Expense 0.0
Insurance Expense 8000.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Trust
Status Active
Directions W on Olive Left on N State Highway 59
City Merced
View Y/N N
Senior Community Y/N N
Total Units 12
Lot Size Square Feet 19985.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name State Highway 59
Listing Terms Cash Conventional Item1031Exchange Submit
Property Attached Y/N Y
Land Lease Y/N N
Home Warranty Y/N N
Trash Expense 6600.0
Water Sewer Expense 6600.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 426
Building Area Units SquareFeet
Standard Status Active
Year Built Source Owner
Tax Lot 16
Property Sub Type Additional Apartment
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Interior
Flooring Laminate
Fireplace Features None
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Laundry Features CommonArea
Electric On Property Y/N N
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Exterior
Parking Features Driveway Paved Private OneSpace SideBySide
Lot Features Item01UnitAcre Paved
Water Source Public
Total Parking 0.0
Lot Size Area 19985.0
Number of Buildings 2
Spa N
Building Area Total 9096.0
Lot Size Acres 0.4588
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 12
Number of Separate Electric Meters 12
Road Frontage Type CityStreet Highway
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 2610
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* Excluded Features
List By
Century 21 Select Real Estate

Broker

(209) 383-2171

Phone

Affordability Calculator

$16,616
Per Month
100%
0%
0%
Monthly Principal & Interest
$16,616
Monthly Property Taxes
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Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/2/2024$2,500,000 Listed Price

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2610 N State Highway 59, Merced, CA, 95348 is a Multi-Family Home for sale at $2,500,000 with 9,096 sqft and a lot size of 0.4588. 2610 N State Highway 59 has 24 bedrooms, 1.0 baths, and was built in 1970. The property's zip code is 95348 which is in Merced, CA