1128 M Street

Merced, CA 95341

$450,000
Price
$450,000
Price
Beds
Sq. Ft.
/ Sq. Ft.

Property Details

StatusActive
MLS #40865298
Year Built1960
DOM16
Compass TypeMulti Family
MLS Type5+ Units / Other
Lot Size-
Taxes-
Condo/Co-op Fees-
HOA Fees-
CountyMerced County

Listed By

Contact Agent(s)

Property Details

Area
All Other Counties/States
Building Type
Other
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Other

Description

The subject property is a ten unit multifamily property consisting of three buildings: a 1) single stand alone junior one-bedroom/one-bathroom cottage; 2) an eight unit multi-family structure of all studio units; and a 3) single stand along studio cottage. Each building has laundry facility access: the stand alone units have washer-dryer hook-ups and the eight studio units have an on-site laundry facility for all tenant's convenience. Each unit is separately metered for pg&E and have more than adequate...

Listed By

Building Information

Stories-Residences-Year Built1960Building Size-Lot Size-

Payment Calculator

$1,813 per month

30 year fixed, 4.45% Interest

Principal and Interest

$1,813

Property Taxes

HOA Dues

$0

Property Information for 1128 M Street

Features
    Feature Details
  • Flooring: Other
  • Laundry: Other
  • Disability Features: Other
    Utility Details
  • Cooling: Other
  • Heating: Other Heat
  • Water/Sewer: Sewer System - Public, Water - Public
  • Energy Saving Feature: Other
Lot / Property Details
    Property Details
  • Additional Equipment: Other
  • Building Age: 59
  • Exterior: Stucco, Wood Siding
  • Lot Description: Level
  • Roof: Rolled Composition
  • Year Built: 1960
    Location Details
  • Directions to Property: W 13th to M Street
  • FIPS Code: 06047
  • Census Tract: 16.01/3
  • Parcel Number: 031-322-001-000
  • Printed Neighborhood Rpt: Yes
  • Board ID: CONTRA COSTA
Multi Family Information
    Income / Expense Details
  • Operating Expenses: Accounting/Legal, Insurance, License/Ads, Maintenance/Repair, Management, Miscellaneous/Other, Property Tax/Assessments, Trash Removal, Vacancy Factor
Multi Family 5+ Information
    Building Details
  • Additional Features-Misc: Other
  • All Units Have: Other
  • Apx Lot Acres: 0
  • Apx Lot Sq Ft: 12800
  • Basement: None
  • Inspection Reports Available: Other
  • On Site Parking Description: Parking Area
  • Separate Meters: Electric, Gas
  • Some Units Have: Other
  • Tenant Pays: Electric, Gas
  • Total # Parking Spaces: 10
  • Tot Ann Oper Exp: 22959.0
  • Tot Bldg Sq Ft: 3800.0
  • Total Deposits: 2000
  • Units - Other: Other
    Unit 1 Information
  • Unit # 1 Air Condioning: No
  • Unit # 1 Approx SqFt: 500
  • Unit # 1 Dining Room: No
  • Unit # 1 Fireplace: No
  • Unit # 1 Occupied By: Tenant
  • Unit # 1 Parking Spaces: 1
  • Unit # 1 Range Oven: Yes
  • Unit # 1 Refrigerator: Yes
  • Unit # 1 Rent: 450
  • Unit 1 # Units This Type?: 1
    Unit 2 Information
  • Unit # 2 Air Conditioning: No
  • Unit # 2 Approx SqFt: 350
  • Unit # 2 Dining Room: No
  • Unit # 2 Fireplace: No
  • Unit # 2 Occupied By: Tenant
  • Unit # 2 Parking Spaces: 1
  • Unit # 2 Range Oven: Yes
  • Unit # 2 Refrigerator: Yes
  • Unit # 2 Rent: 400
  • Unit 2 # Units This Type?: 8
    Unit 3 Information
  • Unit # 3 Air Condioning: No
  • Unit # 3 Approx SqFt: 500
  • Unit # 3 Dining Room: No
  • Unit # 3 Fireplace: No
  • Unit # 3 Occupied By: Tenant
  • Unit # 3 Parking Spaces: 1
  • Unit # 3 Range Oven: Yes
  • Unit # 3 Refrigerator: Yes
  • Unit # 3 Rent: 650
  • Unit 3 # Units This Type?: 1
    Income / Expense Details
  • Annual Exp Year: 2018
  • Annual Gross Sched Income: $52,462
  • Annual Insurance Expense: $2,100
  • Annual Maint Expense: $3,530
  • Annual Mgmt Expense: $2,623
  • Annual Misc Income: $600
  • Annual Rent Income: $52,920
  • Annual Taxes: $5,152
  • Annual Util Expense: $6,093
  • Annual Vacancy: 1058.0
  • Gross Income: $52,462
  • Gross Operating Actual Income: $52,462
  • Gross Rent Multiplier: 8.50
  • Net Operating Income: $29,503
  • Other Annual Expense: $3,461
    Other Financial Information
  • Cap Rate: 6.56
  • Existing Loan: Other
  • Financial Data Source: Estimated
  • Ocpnt Req 24 Hr: Yes

Property History for 1128 M Street

DateEvent & SourcePriceAppreciation
May 11, 2019Listed (Active)

EBRD #40865298

$450,000
DateEvent & SourcePrice
05/11/2019
Listed (Active)

EBRD #40865298

$450,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools in Merced, CA

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Tenaya Middle SchoolPublic7-80.4 mi
2
Merced City School District Community DayPublicK-60.7 mi
NR
Don Stowell Elementary SchoolPublicK-60.8 mi
1
Harvest Christian SchoolPrivatePK-120.8 mi
NR

Tenaya Middle School

7-8, 0.4 mi, Public

2

Merced City School District Community Day

K-6, 0.7 mi, Public

NR

Don Stowell Elementary School

K-6, 0.8 mi, Public

1

Harvest Christian School

PK-12, 0.8 mi, Private

NR

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.
Details provided by TSMLS and may not match the public record.