207 St Michelle Drive, Merced, CA 95348
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Listed Price :
$1,100,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1988
Property Description
This fully-occupied 6-unit multifamily property offers immediate cash flow with significant upside potential through strategic rent increases. Located in the rapidly developing Merced market, this property benefits from proximity to downtown, shopping, and major transportation routes, ensuring a steady stream of tenant demand.
Investment Highlights: Unit Mix & Size: The complex features five spacious 2-bed, 2-bath units (1,119-1,389 sqft) and one 1-bed, 1-bath unit (756 sqft), ideal for attracting long-term tenants.
Value-Add Potential: With multiple units currently renting below market rate, there is clear upside in rents. Recent leases indicate strong tenant retention and potential for rent increases to meet market trends.
Strong Location Fundamentals: Merced’s growing population and the development surrounding UC Merced create sustained demand for rental housing, positioning this asset for long-term appreciation and strong occupancy levels.
Parking: Dedicated covered parking enhances tenant satisfaction and property appeal.
Low Operating Expenses: The property is well-maintained, reducing the immediate need for capital expenditures and allowing investors to focus on optimizing cash flow.
Interior Features
Laundry Information |
Location(s) |
See Remarks |
Bedroom Information |
Bedrooms |
N/A |
Bathroom Information |
Bathrooms |
N/A |
Interior Information |
Cooling Type |
Central Air |
Listing Information
Address |
207 St Michelle Drive |
City |
Merced |
State |
CA |
Zip |
95348 |
County |
Merced |
Listing Agent |
Andrew Alkema DRE #02135815 |
Courtesy Of |
Keller Williams Property Team |
List Price |
$1,100,000 |
Status |
Pending |
Type |
Residential Income |
Subtype |
Duplex |
Structure Size |
N/A |
Lot Size |
26,008 |
Year Built |
1988 |
Listing information courtesy of: Andrew Alkema, Keller Williams Property Team. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 22nd, 2024 at 8:32 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.