2790 N State Highway 59

Property Description

Presenting 2790 N. State Highway 59, a well-maintained 12-unit multifamily property built in 1994. Each unit features a desirable 2-bedroom, 1-bathroom layout with strong rental appeal and stable occupancy. The property currently generates $12,525 per month, averaging approximately $1,043 per unit, with nine scheduled rent increases raising projected gross income to $13,425 per month. Located just 14 minutes from UC Merced with convenient Highway 99 access, this asset sits in a growing rental corridor with strong demand. With local market rents around $1,500 per unit, this property offers meaningful value-add potential and reflects an attractive 7% pro forma cap rate, making it an excellent opportunity for investors seeking upside in a stable asset class.

Overview

Property Status

For Sale

Lot Size

0.41 Acres

MLS ID

225148029

Property Type

Multi-Family

Year Built

1994

Are you interested?

Schedule a Tour

Sonny Uppal

(209) 585-6349 [email protected]

Features & Amenities

Stories

Water Source

Public

Lot Features

Other

Parking

See Remarks

Heat Type

Central

Air Conditioning

Central Air

Laundry Room

Other

Sewer

Public Sewer

Substructure

Other

Security Features

Carbon Monoxide Detector(s)

School District

Merced

Sales Price

$2,100,000

Zoning

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Thank you

for your interest in 2790 N State Highway 59, Merced, CA 95348

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