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Listed by Anthony E Fitzgerald Premiere Estates International Real Estate
$ 400,000
Est. payment | /mo
14 Beds
7,256 SqFt
$ 400,000
Est. payment | /mo
14 Beds
7,256 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,256 sqft
Price per Sqft $55
MLS Listing ID 225032567
Bedrooms 14
HOA Y/N No
Year Built 1962
Lot Size 0.344 Acres
Acres 0.3444
Property Sub-Type Multi Family
Property Description
Worldbid auction - Court Ordered. 15 unit apartment complex is the heart of Merced. Under market rents! Qualifying round sealed bids due April 23, 2025 Noon PT. Proof of funds to close required with bid submission. Completely non contingent auction. Buyers must conduct due diligence in advance of the auction. If you are obtaining a loan, lender approval letter required with bid submission. Gated 2 story complex. Proforma rents of $191,688. 86.7% occupied. Review the offering memorandum for bidding information and property information. Seller is not providing any inspection reports. Current appraised value $900,000.Sealed bid auction contract attached. Review property information at Braunworldbid.com/commercial property auctions.
Location
State CA
County Merced
Area 20407
Zoning mf
Interior
Heating Individual
Cooling See Remarks
Flooring See Remarks
Fireplace No
Laundry Coin Operated
Exterior
Total Parking Spaces 15
Building
Lot Description Curb(s)
Story 2
Foundation See Remarks
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Merced Union High
Others
Tax ID 031161005000
Acceptable Financing Cash
Listing Terms Cash
