1725-1735 West North Bear Creek Drive

• Prime 12-Unit Townhome Complex: Featuring two-story townhomes with spacious two-bedroom, one-and-a-half-bathroom units.
• Value-Added Opportunity: Potential to increase rental income by raising rents to market levels.
• Increasing Cap Rate: Proforma projections show an annually increasing cap rate: Year 1 at 7.07%, Year 2 at 7.16%, and Market Rent at 8.03%.
• Utility Savings: Ratio Utility Billing System (RUBS) will be implemented on September 1, 2024, for efficient utility management.
• Strong Rental Demand: Located in a thriving market with high demand for quality rental housing in Merced.
• Stable Investment: Long-term rental history with consistent occupancy.
• Competitive Pricing: Sale price is below replacement cost, offering significant value.
• Family-Friendly Location: Ideally situated within the Merced City Elementary School District.
• Modern Comforts: Each unit is equipped with central HVAC for year-round comfort.
• Ample Parking: Offers generous on-site parking, both covered and uncovered. Excellent Connectivity: Quick access to major transportation routes, including Interstate 99.
• Excellent Connectivity: Close to Costco, Starbucks, In-N-Out Burger, Taco Bell, Popeyes, Family Dollar, and Grocery Outlet.

Property Description

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. Merced’s growing demand for quality rental housing suggests a steady stream of potential tenants. This investment offers the potential for reliable rental income and low vacancy rates.