941 Barney

    Merced, CA 95340
    • $550,000
    • STATUS: Closed
    • ON SITE: 243 days
    • ID#: MC18080640
    Sold - 10/22/2018
    $550,000
    SOLD - 10/22/2018
    • 0
      BEDS
    • 0.6
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,800
      SQFT
    • $115
      $/SQFT
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    This parcel has two triplexes and one duplex for a total of eight units. All units are similar, with one bedroom, bathroom, kitchen (gas stove, refrigerator), living room, individual gas & electric . Concrete slab foundations, comp shingle roof.Income Growth: Merced Park apartments in 2014 collected $ 384/month per unit; 2015 = $ 447; 2016 = $ 524; 2017 $ 580 2018 Rent $ 690The complex is full. In February a new move in at $ 675 ; Just approved $ 690 for only vacant unit in complex. These eight units are full.These units are managed as part of the overall Merced Park Complex, a total of 48 units on East 23rd and Barney, the office is located at 946 East 23rd street. There are two laundry areas, one on East 23rd and the other on Barney for use by tenants.Also for sale: 8 units at 941 Barney; 5 Units at 981 Barney; 6 units at 2302 Willow; 7 triplex 900-1030 E 23rd

    Sold by Peter Huff of Huff Real Estate.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-09T18:28:06.573. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/82433448

    941 Barney Merced, CA 95340

    • Price: $600,000
    • Status: Closed
    • Updated: 11 min ago
    • ID#: MC18080640
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.6
    Acres
    4,800
    SQFT
    $115
    $/SQFT
    1955
    Built
    County:
    Merced
    Property Description
    This parcel has two triplexes and one duplex for a total of eight units. All units are similar, with one bedroom, bathroom, kitchen (gas stove, refrigerator), living room, individual gas & electric . Concrete slab foundations, comp shingle roof.Income Growth: Merced Park apartments in 2014 collected $ 384/month per unit; 2015 = $ 447; 2016 = $ 524; 2017 $ 580 2018 Rent $ 690The complex is full. In February a new move in at $ 675 ; Just approved $ 690 for only vacant unit in complex. These eight units are full.These units are managed as part of the overall Merced Park Complex, a total of 48 units on East 23rd and Barney, the office is located at 946 East 23rd street. There are two laundry areas, one on East 23rd and the other on Barney for use by tenants.Also for sale: 8 units at 941 Barney; 5 Units at 981 Barney; 6 units at 2302 Willow; 7 triplex 900-1030 E 23rd
    Exterior Features

    Carport Spaces 8.00 Construction Materials ConcreteDrywall Walls Foundation Details Concrete Perimeter Garage Spaces 0.00 Lot Features LandscapedLawnNear Public Transit Lot Size Source Assessor Lot Size Units Square Feet Parking Total 16.00 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type AlleyCity Street Road Surface Type Alley Paved Roof Asphalt

    Interior Features

    Appliances Gas RangeGas StoveGas Water Heater Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area 600 Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling Wall WindowEvaporative Cooling YN Yes Fireplace Features None Fireplace YN No Flooring CarpetTile Heating Wall Heater Heating YN Yes Laundry Features Area Levels One Room Type All Bedrooms DownKitchenLiving Room

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 7.67 Community Features GuttersSidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 3000.00 Gross Income 65760.00 Gross Multiplier 9.12 Gross Scheduled Income 65760.00 Insurance Expense 1100.00 Land Lease YN No Laundry YN Yes Maintenance Expense 4000.00 Net Operating Income 46000.00 New Taxes Expense 6000.00 Number Of Separate Electric Meters 8 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 8 Number Of Units Leased 8 Number With Carpet 8 Number With Range 8 Number With Refrigerator 8 Operating Expense 19760.00 Operating Expense Percent 30.00 Pest Control Expense 500.00 Professional Management Expense 2950.00 Property Sub Type Triplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 19760.00 Trash Expense 0.00 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Water Sewer Expense 2000.00 Water Source Public Year Built Source Estimated Zoning R-2

    Listing provided courtesy of Mark Yandow of Yandow Realty Group.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-09T18:28:06.573. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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