2355 K St - Apartments FOR SALE


Merced, CA 95340- Downtown Merced
$2,995,000 USD
209-383-3000
2355 K St, Merced, CA for Sale
$2,995,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate


HIGHLIGHTS

  • Near Downtown and Amtrak Station
  • Home of the UC Merced "Bobcats"
  • Recently Renovated
  • Near restoration of El Capitan and Tioga hotels and Mainzer Theater

OVERVIEW

Welcome to “The Palms,” home to the UC Merced Bobcats. This completely renovated 22-Unit apartment complex is in the heart of Merced. Built in 1960 with a stable tenant profile, situated on a 20,000+ Sq. Ft. lot. With a mix of 18 Studio units and 4 one-bedroom units, each residence has been recently upgraded with vinyl flooring, new kitchen cabinets, beautiful countertops, and sleek new bathrooms. The Palms property has two buildings with studios of 411 living square footage, and 1-bedrooms with 565 of living square footage. This apartment has an on-site laundry facility, new 30-year composition roof, all new iron gate fencing & enclosed private gate parking for all residents. - California High Speed Rail Station - Near restoration of El Capitan and Tioga hotels and Mainzer Theater - Gateway to Yosemite National Park.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$267 USD /SF

# OF UNITS

22

PRICE/UNIT

$136,136

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

THE PALMS | 22 UNIT APARTMENT BUILDING

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

R2, Merced

APN/PARCEL ID

030-183-003

ASK ABOUT THIS PROPERTY

Armando DiazSoldaviMore Info
209-383-3000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Armando DiazSoldaviMore Info
209-383-3000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.