2917 Oleander Ave, Merced, CA 95340

Property Description

Great opportunity to own a 12-unit investment property located on 4.6 acres. The property includes five parcels that consist of 1 acre of land, zoned multi-family. Two units on 1 acre with a 2 bed, 1 bath unit, and a 3 bed, 1 bath unit. The property also includes six units on a 1-acre lot, a triplex, a duplex, 2 bed, 1 bath unit, 1 bed, 1 bath unit, a two-story home, and large storage in the back. Two units on a 1-acre lot, 3 beds, 1 bath country home with its own backyard and a garage, and a 1 bed, 1 bath unit with a nice backyard. One parcel has a 3 bed, 2 bath home, and includes an additional 1 bed, 1 bath studio. Six units on the property have been reroofed within the last year. All units within the last eighteen months had the exterior newly painted. Several of the homes had the interior upgraded within the last two years. The rental history on this property has been amazing with many tenants being here for several years even with the recent covid. This whole property has the potential for 43 SFR buildouts in the near future. Location, location, location! Located in North Merced near UC Merced, Merced Mall, Mercy Medical Center, Downtown Merced, and many restaurants. Schedule your appointment today to see this amazing opportunity.