2610 North State Highway 59

Merced, CA 95348

$2,500,000
Price
2
Beds
12
Baths
9,096 Sq. Ft.
$275 / Sq. Ft.
9,096
Sq. Ft.
$275
per Sq. Ft.

Description

Are you looking for a multi-unit complex with all kinds of potential, well you can stop your search right here. This is a 12 unit complex, 2 buildings with 6 units in each. The units are almost 760 sq feet per unit. All units are 2 bed one bath. The total building space is 9507 sq ft. Each building has its on coin operated laundry, 2 in all. There has been a recent flood that has affected the lower 3 units of each building. Some repairs have been made but are selling the property as is in current...Are you looking for a multi-unit complex with all kinds of potential, well you can stop your search right here. This is a 12 unit complex, 2 buildings with 6 units in each. The units are almost 760 sq feet per unit. All units are 2 bed one bath. The total building space is 9507 sq ft. Each building has its on coin operated laundry, 2 in all. There has been a recent flood that has affected the lower 3 units of each building. Some repairs have been made but are selling the property as is in current condition. The 12 units were being remodeled at the time of the flood. there were 4 newer water heaters and 2 new tub/showers installed on units in the 2610 building and 6 new water heaters and 6 tubs/showers in the 2620 building. Only 1 unit is currently rented at this time. current rent on that unit is $1365 per month. All New doors and security doors were installed prior to flood. New flooring was also installed in some units. Owner also had new stairs and balcony entrance (deck) installed at a cost of around $80,000. All units have central Heat and Air. Each unit also has storage area. There is ample parking for 20 vehicles on paved parking area. This is a hard to find 12 unit complex so reach out today. Selling as is. Buyer to participate in a 1031 exchange at no cost to buyer. Seller will consider trade of properties. Updated Photos
  1. Listed by Ronald Scanlon • DRE #01956349 • Brokerage DRE #01912741 • Century 21 Select Real Estate • 209-676-1666

Property Details for 2610 North State Highway 59

Parking Spaces Total
0
Private Pool
No
Cooling Type
Central
Total Units
12.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
9096
Assessor Parcel Number
058140010000

Location

Listing Courtesy of Century 21 Select Real Estate, Ronald Scanlon, DRE #01956349
Add your commute
LISTING UPDATED: 03/15/2024 11:29 AM

Property Details for 2610 North State Highway 59

StatusActive
MLS #MC23048755
Days on Compass405
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1970
CountyMerced County

Location

Listing Courtesy of Century 21 Select Real Estate, Ronald Scanlon, DRE #01956349
Add your commute

Building Information for 2610 North State Highway 59

Building/Complex2610 N State Highway 59Floor-Stories-Residences-Pet Policy-Year Built1970Building Size-

Payment Calculator

$13,922 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,644

Property Taxes

$278

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2610 North State Highway 59

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
Expense Details
  • Operating Expense: $0
  • Insurance Expense: $8,000
  • Professional Management Expense: $0
  • Trash Expense: $6,600
  • Water Sewer Expense: $6,600
  • Total Expenses: $21,200
Tax / Assessment Info
  • Tax Census Tract: 10.05
  • CFD/Mello-Roos Fee: $372
  • Tax Lot: 16
Community / Development
Community / Development
  • Community Features: Gutters, Storm Drains, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Electric Range, Range Hood
  • Equipment: Laundry Area
  • Laundry: Yes
  • Laundry Features: Common Area
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Flooring: Laminate
Exterior Features
  • Roof: Composition
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre, Paved, Utilities - Overhead
  • Number Of Units: 12
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Frontage Type: City Street, Highway
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Electric: 220 Volts in Kitchen
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Driveway, Parking Space, Private, Side By Side
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Driveway, Paved, Parking Space, Private, Side by Side
Unit Information
Unit 1
  • Unit Type Units Total: 12
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1

Property History for 2610 North State Highway 59

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2610 North State Highway 59

Taxable ValueLand$109,363Additions$199,193Total$308,556
Tax Record2023$3,335 ($278 / month)
Home Facts
Lot Size19,984 SqFtStyleMulti-Family Dwelling (2-4)CountyMERCEDAPN058-140-010-000

Schools near 2610 North State Highway 59

This home is within Merced City Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Luther Burbank Elementary School
PublicK to 6

Tenaya Middle School
Public7 to 8

Merced High School
Public9 to 12

Rudolph Rivera Elementary
PublicK to 6

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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

2610 North State Highway 59 is a multi-family home for sale in Merced, CA 95348. This property was listed for sale on March 24, 2023 by Century 21 Select Real Estate, it's currently listed at $2,500,000. It has been on the market for a total of 405 days and was last sold on August 28, 2017. This listing's school districts are Merced City Elementary School District, Merced Union High School District. Nearby schools include Luther Burbank Elementary School, Tenaya Middle School and Merced High School. 2610 North State Highway 59 is a 2-bed, 12-bath, 9,096 sqft multi-family home built in 1970.

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. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 Select Real Estate, Ronald Scanlon, DRE #01956349

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.