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2324 Q Street, Merced, CA 95340
$305,000
2324 Q Street, Merced, CA 95340View this property at 2324 Q Street, Merced, CA 95340
2324 Q StreetMercedCA95340
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Property Description
This duplex property in Merced is a turnkey investment opportunity, conveniently located in the heart of Merced. Both units have recently undergone renovations, ensuring their modern appeal. One unit is currently vacant, while the other is already occupied, highlighting the high demand for rental properties in this college town. The current capitalization rate (CAP) stands at 6.15%, but with a projected rental median analysis of $1300 per unit, the potential pro forma CAP rate reaches an enticing 8.56%. Moreover, this property presents the possibility of converting the garages into additional units, with the city confirming the option to add an ADU on the spacious lot. Covered parking, as well as two garages, provide ample space for vehicles. Separate gas and electric meters for each unit, ensuring convenient utilities management. Whether you're an experienced investor seeking an excellent opportunity or an individual interested in living in one unit while renting out the other, this property offers an amazing return on investment.
Full Property Details
Full Property Details for 2324 Q St
General
- Sold For: $305,000
- Status: Closed
- Type: Duplex
- MLS ID: 223104934
- Added to Site: 223 day(s) ago
Interior
- Appliances: Free Standing Refrigerator, Built-In Gas Oven, Built-In Gas Range, Free Standing Freezer
- Flooring: Vinyl
Rooms
Other Rooms
- Laundry: In Common Area
Additional Information
- Security/Safety: Carbon Mon Detector, Smoke Detector
Parking
- Garage Spaces: 2
- Attached/Detached: 2
- Carport Spaces: 4
- Parking Features: Off Street, Carport, Garage, Guest Parking Available
- Parking: Off-Street Parking, Carport, Garage, Guest Parking Available
Location
- County: Merced
- Cross Streets: 23rd Street
- Driving Directions: Turn left onto R St Turn right onto W 23rd St Turn left onto Q St In 200ft destination will be on the right
School Information
- School District: Merced
- Elementary School: Merced City
- Middle School: Merced City
- High School: Merced Union High
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Wall Furnace
Structural Information
- Construction: Stucco, Frame
- Roof: Composition
- Stories/Levels: 0
- Year Built: 1945
Unit Information
Unit 1
- Square Feet: 960
- Bedrooms: 1
Unit 2
- Square Feet: 960
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.1148
- Lot Size (Sq. Ft.): 5,000
- Zoning: R 1-6
Financial Considerations
- Price Per Sq. Ft.: $317.71
- Price Per Acre: $2,656,794.43
- Terms: Cash, Conventional, FHA
- Tenant Pays: Cable TV, Electricity, Gas
- Tenant Expense: Cable TV, Electricity, Gas
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed by HomeSmart PV & Associates
Sold by HomeSmart PV & Associates
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Schools
Schools serving 2324 Q St
School Districts:Merced Union High School District, Merced City Elementary School District
Rating | Name | Grades | Distance |
---|---|---|---|
1120 W 22nd St, Merced, CA 95340 | K-5 | 0.2 mi | |
800 E 26th St, Merced, CA 95340 | 6-8 | 1.3 mi | |
205 W Olive Ave, Merced, CA 95348 | 9-12 | 1 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 2324 Q St
Date
Details
Price
Change
Source
12/14/2023
Sold
$305,000
—
MLS
10/30/2023
Listed
$305,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2324 Q Street, Merced, CA 95340 (MLS# 223104934) is a Duplex property that was sold at $305,000 on December 14, 2023. Want to learn more about 2324 Q Street? Do you have questions about finding other Duplex real estate for sale in Merced? You can browse all Merced real estate or contact a Coldwell Banker agent to request more information.