2610 State Highway 59, Merced CA 95348 | $2,500,000

UPDATED PHOTOS, UPDATED IMPROVEMENTS. There have been many updates since first listed. City inspector has given green light to complete the remodel of the bottom 6 units. The three top units on left have been completed and are now ready to rent now. There are now 6 units that are rentable , 2 already rented @ $1365 per month. Many improvements have been made. 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 own 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 tubs/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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