2790 N State Highway 59

$2,250,000

2790 N State Highway 59

2 Beds 1 Bath

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.

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Location

2790 N State Highway 59, Merced, CA 95348

Status

For Sale

Property Amenities

Interior

Laundry room Other

Flooring See Remarks

Total Bedrooms: 2

Full Bathrooms: 1

Area & Lot

Lot Area 0.41 Acres

MLS® ID 225148029

Year Built 1994

School District Merced

Type Multi-Family

Status For Sale

Exterior

Stories 2

Air conditioning Central Air

Heat type Central

Water Source Public

Security Features Carbon Monoxide Detector(s)

Sewer Public Sewer

Parking See Remarks

Lot Features Other

Finance

Sales Price $2,250,000

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$2,250,000

2790 N State Highway 59

Description

Share Property

Location

Status

Property Amenities

Interior

Area & Lot

Exterior

Finance

Schedule a Showing

Schedule a Showing

Mortgage Calculator

Portfolio

$8,800,000

$4,100,000

$2,500,000

$2,275,000

$2,250,000

$2,100,000

$2,000,000

$1,950,000

$1,599,999

Merced

Work With Us

Leave a Message

Thank you for your message. We will be in touch with you shortly.

$2,250,000

2790 N State Highway 59

Description

Share Property

Location

Status

Property Amenities

Interior

Area & Lot

Exterior

Finance

Schedule a Showing

Schedule a Showing

Mortgage Calculator

Portfolio

$8,800,000

$4,100,000

$2,500,000

$2,275,000

$2,250,000

$2,100,000

$2,000,000

$1,950,000

$1,599,999

Merced

Work With Us

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Contact Details