631 Q Street, Merced, CA, 95341

631 Q Street, Merced, CA, 95341 < >
for sale
$960,000
Year Built:1960
Status:Active
MLS #:MC18270598
Date Updated:
For information contact:
Jerry and Melinda Price
(209) 386-4046
BRE#1244564
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Go See This Property
Great buy for investors. 12 units total. All units are currently rented at below fair market rates. Current fair market rent APPROXIMATELY $650.00 per unit. If rented at $650.00 per unit with 100% occupancy, annual gross rents equal $93,600. Potential for excellent cap rate. Three separate APN's with a fourplex on each APN. Addresses are 631, 639 and 647 Q Street. All 3 parcels to sell together. NOTE: Operating Expenses as shown are estimates only. Net operating income is an ESTIMATE ONLY. Current rents as stated may vary slightly and will be verified upon receipt of seller rent rolls. Gross income, net income, operating expenses, etc. will be updated upon receipt of Seller P&L Statements, Rent Rolls, Expense Reports. Buyer to be provided rent rolls, expense information, etc. during buyer investigation period for buyer approval. Units are ESTIMATED to be 650 SF each unit; 2600 SF per fourplex. Square footage to be verified during buyer investigation period for buyer approval.
Interior Details
Levels: One

Exterior Details
Garage Spaces: 0.00Lot Features: Lot 20000-39999 Sqft
Number Of Buildings: 3Number Of Units Total: 12
Parking Features: Driveway - AsphaltParking Total: 0.00
Pool Features: None

Community Information
County Or Parish: MercedDirections: From Olive Avenue south on R Street, left n 6th to Q Street to property
Parcel Number: 032183034

Property Information From MLS Data
Year Built: 1960

Utilities
Water Source: Public

Listing Information Courtesy of:
List Agent First Name: Melinda
List Agen tLast Name: Price
List Office Name: Century 21 Salvadori Realty

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Monthly Payment for 631 Q Street
This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Price:$960,000
Down Payment:
Loan Amount:$768,000
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Information obtained from CACRMLS is current as of 1/24/2019 12:05 AM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.