0.85 Acres in Merced, CA - $960,000
Great buy for investors. 12 units total. All units are currently rented at below fair market rates. Current fair market rent APPROXIMATELY $650.00 per unit. If rented at $650.00 per unit with 100% occupancy, annual gross rents equal $93,600. Potential for excellent cap rate. Three separate APN's with a fourplex on each APN. Addresses are 631, 639 and 647 Q Street. All 3 parcels to sell together. NOTE: Operating Expenses as shown are estimates only. Net operating income is an ESTIMATE ONLY. Current rents as stated may vary slightly and will be verified upon receipt of seller rent rolls. Gross income, net income, operating expenses, etc. will be updated upon receipt of Seller P&L Statements, Rent Rolls, Expense Reports. Buyer to be provided rent rolls, expense information, etc. during buyer investigation period for buyer approval. Units are ESTIMATED to be 650 SF each unit; 2600 SF per fou...
Great buy for investors. 12 units total. All units are currently rented at below fair market rates. Current fair market rent APPROXIMATELY $650.00 per unit. If rented at $650.00 per unit with 100% occupancy, annual gross rents equal $93,600. Potential for excellent cap rate. Three separate APN's with a fourplex on each APN. Addresses are 631, 639 and 647 Q Street. All 3 parcels to sell together. NOTE: Operating Expenses as shown are estimates only. Net operating income is an ESTIMATE ONLY. Current rents as stated may vary slightly and will be verified upon receipt of seller rent rolls. Gross income, net income, operating expenses, etc. will be updated upon receipt of Seller P&L Statements, Rent Rolls, Expense Reports. Buyer to be provided rent rolls, expense information, etc. during buyer investigation period for buyer approval. Units are ESTIMATED to be 650 SF each unit; 2600 SF per fourplex. Square footage to be verified during buyer investigation period for buyer approval.
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