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3270 Denver AVE Merced, CA 95348
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Key Details
Sold Price $6,200,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 29,160 sqft
Price per Sqft $212
MLS Listing ID PW23055035
Sold Date 07/21/23
HOA Y/N No
Year Built 1983
Lot Size 2.300 Acres
Acres 2.3
Property Sub-Type Apartment
Property Description
We are pleased to present "Yosemite Apartments".
Yosemite apartments is a beautiful, impeccably maintained, 50 unit, multifamily investment opportunity, located in heart of Merced County. The asset has an Incredible unit mix, comprised of 20 - 2 bed x 1 bath units. 20 – 1 bed x 1 baths & 10 studios.
Situated on 2.3 acres of beautifully manicured grounds. The asset boasts a large onsite swimming pool, nicely renovated laundry room, workshop, storage/tool shed, 50 covered parking spaces, 16 uncovered, with three handicap. The asset is currently 100% occupied, with waiting list. In place rents are approximately 20% below market, in current condition.
ADU opportunity, prospective investor is advised to call City Of Merced for confirmation on ADU potential.
The building is located in close proximity to Downtown Merced, ten minutes to UC Merced, 90 minutes to San Francisco & world renowned Yosemite National Park.
Seller financing is available to qualified buyer, at extremely competitive rates.
Location
State CA
County Merced
Zoning P-D
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Tile
Appliance Gas Oven, Gas Water Heater, Refrigerator
Laundry Community
Exterior
Parking Features Assigned, Detached Carport
Fence Block
Pool Community, Gunite
Community Features Biking, BLM/National Forest, Curbs, Foothills, Golf, Hiking, Gutters, Lake, Horse Trails, Park, Sidewalks, Street Lights, Suburban
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected
Amenities Available Barbecue, Picnic Area, Storage, Sewer
View Y/N 1
View Neighborhood
Roof Type Composition
Handicap Access Parking
Private Pool No
Building
Lot Description Greenbelt, Rectangular Lot
Story 2
Sewer Public Sewer
Water Public
Level or Stories One, Two
Additional Building Storage, Workshop
New Construction No
Others
Senior Community No
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Special Listing Condition Standard
Lease Land No
Confidential INFO
BAC 2.0
TERMS Conventional
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent
SHOW CONTACT NAME Cameron
SHOW CONTACT PH 310-490-8134
SHOW INSTRUCTIONS Agents: Please call Cameron (Listing Broker) for additional property information and offering memorandum.
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Bought with TAG Realty Inc