CA > Merced
Merced, CA 95348,2790 N State Highway 59
Merced, CA 95348,2790 N State Highway 59
Merced, CA 95348,2790 N State Highway 59
Merced, CA 95348,2790 N State Highway 59
Merced, CA 95348,2790 N State Highway 59
Merced, CA 95348,2790 N State Highway 59
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Lakota Verberne

Lakota Verberne

+1(916) 300-4787
$ 2,250,000
Est. payment | /mo

0.41 Acres Lot

Save
$ 2,250,000
Est. payment | /mo
Save

0.41 Acres Lot

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 225148029

HOA Y/N No

Year Built 1994

Lot Size 0.414 Acres

Acres 0.414

Property Sub-Type 5 or More Units

Source MLS Metrolist

Property Description

Presenting 2790 N. State Highway 59, a well-maintained 12-unit multifamily property built in 1994. Each unit features a desirable 2-bedroom, 1-bathroom layout with strong rental appeal and stable occupancy. The property currently generates $12,525 per month, averaging approximately $1,043 per unit, with nine scheduled rent increases raising projected gross income to $13,425 per month. Located just 14 minutes from UC Merced with convenient Highway 99 access, this asset sits in a growing rental corridor with strong demand. With local market rents around $1,500 per unit, this property offers meaningful value-add potential and reflects an attractive 7% pro forma cap rate, making it an excellent opportunity for investors seeking upside in a stable asset class.

Location

State CA

County Merced

Area 20407

Direction USE GPS

Rooms

Other Rooms Unit-1 Bedrooms: 2 Full Baths: 1 Occupancy: Tenant Rent: 975

Interior

Heating Central

Cooling Central

Flooring See Remarks

Laundry Other

Exterior

Parking Features See Remarks

Utilities Available City

Water Access Desc Public

Total Parking Spaces 15

Building

Lot Description Other

Story 2

Foundation Other

Sewer Public Sewer

Water Public

Schools

Elementary Schools Merced City

Middle Schools Merced City

High Schools Merced Union High

School District Merced

Others

Senior Community No

Tax ID 058-110-013-000

Space Rent $1,043

Special Listing Condition None

MetroList® Services, Inc
Listed by Adroit Real Estate
Lakota Verberne

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(916) 300-4787

lakotarealestate@gmail.com

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2790 N State Highway 59

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