More property info for 822 21st St
- Fully Stabilized Asset
The property is fully leased and only 2 out of the 6 units are at market rate.
Great potential to increase income over 25% by bringing to full market rates.
Additional Upside due to Zoning
All parcels are Zoned Commercial Office (C-O). This would give an investor the opportunity to convert the homes into offices or demolish the existing structures and build an office complex. Smaller Downtown office space built to class “A” standards can be leased at $1.50 per square foot NNN.
Adjacent to Courthouse and Proximity to Downtown
The Property is located adjacent to the Merced County Courthouse, the Merced Courthouse Square Park, close proximity to the Downtown Business District, Bob Hart Square, the recently renovated Mainzer Theater, Tioga Hotel, El Capitan Hotel & UC Merced Administration Building.
Even More Upside Value!
There are 4 separate parcels. An investor can sell off parcels individually to bring in immediate profit. 3 parcels have single family homes. 1 parcel has a single family home and a duplex.
- Levels: One
- Stories Total: 1
- Garage Spaces: 0.00
- Lot Features: Back Yard
- Lot Size Acres: 0.1550
- Number Of Buildings: 5
- Number Of Units Total: 6
- Parking Total: 0.00
- Pool Features: None
- Heating: None
- Water Source: Public
- List Agen tLast Name: Morgner
- List Agent First Name: Jacob
- List Office Name: Tinetti Realty Group
822 21st St Map Location
Listing courtesy of Tinetti Realty Group
Based on information from California Regional Multiple Listing Service, Inc. as of 4/24/2024 10:59:36 AM. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.Information obtained from California Regional MLS is current as of 4/24/2024 1:59 PM.