Tour
More
1 / 12
2 / 12
3 / 12
617 W Santa Fe Avenue, Merced, CA 95340
1
bed
1
bath
6000
ft2
· 15002
ft2 lot
$1,150,000
$192 / ft2
Listing provided courtesy of Mark Yandow, Yandow Realty Group.
Source CRMLS.
Rare opportunity to buy ten units by Applegate Park, easy walk. Tenants can walk to anything they need from this location. List price is under replacement cost, in a growing community anchored by UC Merced and a new expanding cannabis industry. Excellent investment opportunity near UC Merced. These ten units have been well maintained and remodeled on a change of tenant. Two single story buildings, each with five units. The complex is in easy walking distance to Police Department, Courthouse, Applegate Park, Schools, Medical Offices, US Post Office, Downtown, 5 banks, new UC Downtown building and convenient to bus stops. All units have one bedroom, bathroom, kitchen, dining area, kitchen bar area to eat,electric stove/range, dishwasher, disposal, central HVAC. Two uncovered parking spaces per unit Onsite laundry room (Consigned to Webb Laundry) The complex has been 100% occupied for several years. The property is subjection to inspection of accepted offer. Do not disturb tenants.
HOA
$0/month
On market
7 months
Year built
1980
Property type
Multi-Family
Parking
10
MLS
MC20210154
Price / Sq.Ft.
$192 / ft2
Status
Active
Tour this home
Request a free tour of this home
Saturday
15
May
Sunday
16
May
Monday
17
May
Tuesday
18
May
Wednesday
19
May
Thursday
20
May
Friday
21
May
Saturday
22
May
Sunday
23
May
Monday
24
May
Tuesday
25
May
Wednesday
26
May
Thursday
27
May
Friday
28
May
Tour type :
In person
Need a Lyft ride to and from your tour?
Flyhomes Cash Offer
Based on a price of $1,150,000
Rebate:
Cash Offer Costs:
Net Rebate:
Negotiating Power:
Flyhomes Cash Offer
$0
$0
+$224/day
$0
Best
Flyhomes Guaranteed Offer
$5,750
- -
$5,750
Better
Discount Brokerage
$4,215
not offered
$4,215
Average
Traditional Brokerage
$0
not offered
$0
Variable
Legal Disclaimer: The Savings Calculator is intended for planning and educational purposes only, and should not be solely relied upon in your decision to participate in Flyhomes’ Cash Offer or other programs.Read more
Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Community
•   
Appliances: Built-In Range, Electric Oven, Electric Range, Refrigerator
•   
Has Appliances
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
•   
Room Information: All Bedrooms Down, Entry, Kitchen, Living Room, Walk-In Closet
•   
Average1 Bed Area: 600
•   
Entry Level: 1
Fireplace Info
•   
Has Fireplaces
•   
Fireplace Details: Bath, Dining Room, Family Room, Kitchen
Heating & Cooling
•   
Has Heating
•   
Heating Details: Central, Natural Gas
•   
Cooling Details: Central Air
Flooring
•   
Flooring: Carpet
Interior Size
•   
Building Area Total: 6000.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Assigned
•   
Garage Spaces: 0.00
•   
Uncovered Spaces: 10.00
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: R-3-1.5
•   
Stories Total: 1
•   
Num Stories: One
•   
Year Built Source: Estimated
Lot Info
•   
Lot Features: Corners Marked, Lot 10000-19999 Sqft
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.3444
•   
Lot Size Area: 15002.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 10
Property Features
•   
Common Walls: 1 Common Wall
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 10
•   
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
•   
Number Of Separate Gas Meters: 10
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Water Sewer Expense: 4000.00
•   
Maintenance Expense: 2000.00
•   
Pest Control Expense: 800.00
•   
Cap Rate: 6.70
•   
Total Actual Rent: 6000.00
•   
Trash Expense: 3000.00
•   
New Taxes Expense: 12000.00
•   
Insurance Expense: 5000.00
•   
Professional Management Expense: 0.00
•   
Total Expenses: 29000.00
•   
Gross Scheduled Income: 94200.00
•   
Operating Expense: 29000.00
•   
Gardener Expense: 1200.00
Tax/Assessment Info
•   
Gross Income: 72000.00
Lease Info
•   
Net Operating Income: 65200.00
Listing Info
•   
Status: Active
Multi Unit Information
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 10
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 7020.00
•   
Unit 1 Total Rent: 7020.00
Multi Unit Information
•   
Number With Refrigerator: 10
•   
# Of Units: 1
•   
Number With Dishwasher: 10
•   
Number Of Units Leased: 10
•   
Number With Carpet: 10
•   
Number With Disposal: 10
•   
Number With Range: 10
School Neighborhood & Directions
Location
•   
Community Features: Suburban
School Info
•   
Directions: Property is located 1 block from M Street, on Santa Fe, one block from Applegate Park
Other
Calculation
•   
Dom: 182
•   
Cdom: 579
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: May 14, 2021 1:35pm
Neighborhood snapshot
39
Properties for sale
9
Median days on market
$188.94
Median sold price/sqft
99.42%
Sold/List %
walk-icon}
walk score® :
transit-icon}
transit score® :
bike-icon}
bike score® :
Property History
04/09/2021
04/09/2021
CRMLS #MC20210154
active
CRMLS #MC20210154
$1,150,000
+5.02%
04/02/2021
04/02/2021
CRMLS #MC20210154
active
CRMLS #MC20210154
$1,095,000
02/25/2021
02/25/2021
CRMLS #MC20210154
pending
CRMLS #MC20210154
$1,095,000
11/03/2020
11/03/2020
CRMLS #MC20210154
active
CRMLS #MC20210154
$1,095,000
--0.45%
10/06/2020
10/06/2020
CRMLS #MC20210154
active
CRMLS #MC20210154
$1,100,000
See more property history
Nearby Similar Homes
street view
$980,000
2240 Glen Avenue
Merced, CA 95340
 bed
 bath
4800
 ft²
 · 
13590
 ft²  lot
Products
BrokerageMortgageToursTitle & Escrow
Download the Flyhomes App
Equal Housing Opportunity
By searching, you agree to the Terms of Use and Privacy Policy.
California DRE #02012110

1 Homes are subject to our approval and must be listed within an MLS in the areas that Flyhomes operates. Homes are subject to inspections and other limitations.
Flyhomes © 2021