$335,000
$375,000
10.7%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
3 Baths
2,000 SqFt
SOLD DATE : 07/26/2023
Key Details
Sold Price $335,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $167
MLS Listing ID MC23105665
Sold Date 07/26/23
Bedrooms 5
Full Baths 3
HOA Y/N No
Year Built 1919
Lot Size 0.281 Acres
Property Description
Wow, what an incredible opportunity! Imagine owning not just one, but three homes on a single lot. This remarkable property allows you to enjoy the benefits of living in one unit while generating rental income from the others or generate income with all 3 units. The first two units feature spacious layouts with two bedrooms and one bathroom. The third unit is a cozy studio home. Situated on an expansive 12,236 square foot lot, there is plenty of room for outdoor activities,gardening, and/or future development.The property is zoned R-3/2.5, providing potential for various uses (buyer to conduct due diligence for specific details). Location-wise, this gem is conveniently located within blocks of Ralston Park, Merced County Library, restaurants, and the vibrant Downtown area. Whether you want to enjoy recreational activities or explore the lively atmosphere of the city, everything is just a few blocks away. Don't miss out on this exceptional opportunity to own a unique property with multiple income streams and incredible potential. The first home is a 1175 sq ft, 2 bedroom, 1 bath that has been fully refurbished but still has vintage charm with built-ins, wainscot, and 5 panel doors. Vinyl floors have been installed in the kitchen, bath, and laundry. There is new carpet in living room and bedrooms. The home has been freshly painted inside and out. Kitchen has been expanded with additional cabinets and upgraded with a center griddle gas range, range hood fan, and new refrigerator. The existing cabinets have been refurbished and new stainless steel sink and faucet installed. New hot water heater and evaporative cooler add comfort and economy to this quaint home. The second home is 1175 sq foot, 2 bedroom, 1 bath and third home is a 642 sq foot studio. Both are ready for you to upgrade and design to your own specifications. These additional homes are perfect for your college student and/or aging parents to be close by or you can rent them out for an income stream. Great fixer-upper project. Don’t miss out on this incredible and rare opportunity!
Location
State CA
County Merced
Zoning R-3 2.5
Rooms
Main Level Bedrooms 5
Interior
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry Laundry Room
Exterior
Pool None
Community Features Suburban
View Y/N Yes
View Neighborhood
Private Pool No
Building
Lot Description Rectangular Lot
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
School District Atwater
Others
Senior Community No
Tax ID 002192018000
Acceptable Financing Submit
Listing Terms Submit
Financing Cash
Special Listing Condition Standard
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Bought with Alifonso Mendoza • American Realty