Bought with Non Member
$1,820,000
$1,820,000
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SOLD DATE : 02/03/2023
Key Details
Sold Price $1,820,000
Property Type Single Family Home
Sub Type Residential Income
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 22-5742
Sold Date 02/03/23
Year Built 1984
Lot Dimensions 1.1
Property Sub-Type Residential Income
Source Shasta Association of REALTORS®
Property Description
21 Unit Apartment Complex located in Winton CA features (20) One Bedrooms Plus One Studio. Well maintained and 100% occupied. All units feature central heating and air conditioning, updated paint, flooring and appliances. The property offers lower maintenance grounds, (8) machine coin-opp laundry room, ample off street parking + assigned parking. Close proximity to transportation, schools and stores. The City of Winton has benefited from year over year growth in population and average income with Future job growth over the next ten years is predicted to be 30.7%. Excellent upside potential in rental rates with little to no capital improvement needed. 2022 Annual NET Income over $103,000.
Location
State CA
County Merced
Direction HWY 99 to N. Winton Way
Interior
Cooling Central Air
Exterior
Parking Features Assigned, Off Street
Building
Story 1
Level or Stories 1.0
Others
Senior Community No
Tax ID 147-111-045-000
Ownership Seller
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
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