207 St Michelle Drive
Merced, CA 95348
0.60 acres | #MC24205443
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.
Property Details
- Lot DescriptionLandscaped
- Stories1
Measurements
- Acres0.5971
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1988
Utilities / Energy Details
- Sewer InformationPublicSewer
- Utility SourcePublic
Community and Neighborhood Details
- CountyMerced
Financial Details
- Original List Price$1,100,000
Other
- MLS #MC24205443
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Andrew Alkema (#mcalkeand)
Listing Office: Keller Williams Property Team (#mc1275)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
