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$1,825,000

  • Sold
  • Closed
  • Multi-Family
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Discover an exceptional investment opportunity at 1725-1735 West North Bear Creek Drive, Merced, CA. This 12-unit complex features spacious two-bedroom, one-and-a-half-bathroom townhome-style apartments, all with central HVAC, covered and uncovered parking, and an on-site laundry room. With units currently below market rent, this property offers significant value-added potential. Proforma projections show an annually increasing cap rate from the current 6.23% to 7.07% (Year 1), 7.84% (Year 2), and 8.03% (Year 3 - Market Rent). Merced's growing demand for quality rental housing suggests a steady stream of potential tenants, providing the potential for reliable rental income and low vacancy rates. Located in the heart of Merced, CA, the apartment complex at 1725-1735 West North Bear Creek Drive is situated in the Merced City Elementary School District, appealing to families seeking quality education for their children. The surrounding area is bustling with retail and dining options around 16th St., including Costco, Starbucks, In-N-Out Burger, Taco Bell, Popeyes, Family Dollar, and Grocery Outlet. Banking services are conveniently nearby with Bank of America, Citibank, and Westamerica Bank. The property is well-connected to major transportation routes like Interstate 99.

Full Property Details for 1725 W N Bear Creek Dr

General

  • Sold For: $1,825,000
  • Status: Closed
  • Type: Multi-Family
  • Source: METROLIST_Cali
  • MLS ID: 224066701
  • Added to Site: 199 day(s) ago

Rental Information

  • Lease/Rent Term: Lease/Month to Month Mix

Interior

  • Appliances: Other
  • Flooring: Laminate, Other

Rooms

Other Rooms

  • Laundry: Coin Operated, In Common Area

Parking

  • Total Spaces: 18
  • Parking: Covered, Uncovered, Other

Location

  • Area: 20407
  • County: Merced
  • Cross Streets: Driftwood Drive
  • Driving Directions: Take W 16th Street east from Golden State Highway (Highway 99) to Snelling Highway (Highway 59), then turn left. Continue north on Snelling Highway, turn right onto W N Bear Creek Drive, and the property is just on the right before Driftwood Drive.

School Information

  • School District: Merced
  • Elem School District: Merced City
  • Midd School District: Merced City
  • High School District: Merced Union High

Heating & Cooling

  • Cooling Type: Central
  • Heating Type: Central

Utilities

  • Sewer: Other
  • Water: Other
  • Utility Description: Other

Structural Information

  • Architectural Style: Other
  • Construction: Other
  • Foundation: Other
  • Stories/Levels: 2
  • Year Built: 1983

Unit Information

  • Units in Building: 12

Unit 1

  • Bedrooms: 2

Unit 2

  • Bedrooms: 2

Unit 3

  • Bedrooms: 2

Unit 4

  • Bedrooms: 2

Lot Features

  • Property View: Other
  • Lot Size (Acres): 0.5168
  • Lot Size (Sq. Ft.): 22,512
  • Irrigation System: Other
  • Zoning: HIGH MEDIUM DENSITY RESIDENTIAL (R-3-1.5)
  • Lot Description: Other

Financial Considerations

  • Tenant Pays: Electricity, Sewer, Gas, Trash Collection, Water, Other

Disclosures and Reports

  • Special Conditions: Offer As Is
  • APN: 058-150-047-000

Listed by KPD Real Estate & Advisory Services, Inc.
Sold by Creative Rl Est Concepts

Listing agent

— 1725 W N Bear Creek Dr —

  • KPD Real Estate & Advisory Services, Inc.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1725 W N Bear Creek Dr

School Districts:Merced Union High School District, Merced City Elementary School District
RatingNameGradesDistance
5
Luther Burbank Elementary School, Merced, CA
609 E Alexander Ave, Merced, CA 95340
K-52.2 mi
4
Tenaya Middle School, Merced, CA
760 W 8th St, Merced, CA 95341
6-81.2 mi
5
Merced High School
205 W Olive Ave, Merced, CA 95348
9-121.8 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1725 W N Bear Creek Dr

Date
Details
Price
Change
Source
8/13/2024
Sold
$1,825,000
-8.52%
MLS
6/18/2024
Listed
$1,995,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by KPD Real Estate & Advisory Services, Inc.
Sold by Creative Rl Est Concepts

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1725 W North Bear Creek Drive, Merced, CA 95348 (MLS# 224066701) is a Multi-Family property that was sold at $1,825,000 on August 13, 2024. Want to learn more about 1725 W North Bear Creek Drive? Do you have questions about finding other Multi-Family real estate for sale in Merced? You can browse all Merced real estate or contact a Coldwell Banker agent to request more information.

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