40 W 13th St
Property Description
Brand new 10-unit apartment complex with enterprise zoning coming soon to the heart of Merced! These modern 2 apartment buildings will offer an incredible investment opportunity with ten, 2-bedroom, 1-bathroom units, each approximately 665 sq. ft., thoughtfully designed for comfort and efficiency. Every unit will feature brand-new appliances, laminate flooring throughout, dual-pane windows, and an indoor laundry room for added convenience. The open-concept kitchens will be highlighted by granite countertops that connect seamlessly to the formal living room. The property also includes solar panels for energy efficiency and a new 30-year composition roof for long-term durability. Residents will enjoy ample private parking, a professionally landscaped front area, and concrete driveways and walkways throughout the property, designed for easy maintenance and great curb appeal. The project is scheduled for completion by the end of 2025, making it an excellent opportunity for investors seeking a turn-key, income-producing property in a growing market. Located just minutes from downtown Merced, UC Merced, shopping centers, and major highways, this development offers both convenience and lifestyle appeal.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,400,000 |
| No. of Units: | 10 |
| Year Built: | 2025 |
| Lot Size: | 0.26 Acres |
| Opportunity Zone: | No |
| Price per unit: | $240,000 |
| Property Website | Click Here |
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Essex Property Trust, Inc.
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Bob Tuteur
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Andrew Schildcrout