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$ 2,400,000
Est. payment | /mo
0.26 Acres Lot
$ 2,400,000
Est. payment | /mo
0.26 Acres Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID MC25235639
HOA Y/N No
Lot Size 0.258 Acres
Property Sub-Type Multi Family
Property Description
Brand new 10-unit apartment complex with enterprise zoning coming soon to the heart of Merced! These modern 2 apartment buildings will offer an incredible investment opportunity with ten, 2-bedroom, 1-bathroom units, each approximately 665 sq. ft., thoughtfully designed for comfort and efficiency. Every unit will feature brand-new appliances, laminate flooring throughout, dual-pane windows, and an indoor laundry room for added convenience. The open-concept kitchens will be highlighted by granite countertops that connect seamlessly to the formal living room. The property also includes solar panels for energy efficiency and a new 30-year composition roof for long-term durability. Residents will enjoy ample private parking, a professionally landscaped front area, and concrete driveways and walkways throughout the property, designed for easy maintenance and great curb appeal. Additionally, with its Enterprise zoning, the property benefits from flexible land-use allowances that support a wide range of residential, commercial, and mixed-use developments. This zoning provides added versatility for investors and potential future expansion, making it an even more valuable long-term asset. The project is scheduled for completion by the end of 2025, making it an excellent opportunity for investors seeking a turn-key, income-producing property in a growing market. Located just minutes from downtown Merced, UC Merced, shopping centers, and major highways, this development offers both convenience and lifestyle appeal.
Location
State CA
County Merced
Zoning Enterprise
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Inside
Exterior
Utilities Available None
Roof Type Composition
Total Parking Spaces 10
Building
Lot Description 0-1 Unit/Acre
Story 2
Water Public
Others
Tax ID 031343021000
Acceptable Financing Cash, Contract, Submit
Listing Terms Cash, Contract, Submit
Special Listing Condition Standard

Listed by Randy Hayer Realty Executives Of Northern California 209-765-3767

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