132 18Th St, Merced CA 95340 | $2,499,999

A well-maintained 15-unit multifamily offers a desirable unit mix consisting of 6 studios, 4 one-bedroom/one-bath units, and 5 two-bedroom/one-bath units—providing strong appeal to a broad tenant base and supporting consistently high occupancy levels. The property is a gated community equipped with security cameras throughout, offering enhanced safety and peace of mind for residents. A centrally located landscaped lawn area provides a welcoming outdoor space for tenants and families. Each unit includes an assigned parking space, complemented by 10 covered carports. Units are well-equipped with electric ranges and refrigerators, and many have been recently renovated with updated interiors and fresh paint. The exterior of the property has also been fully repainted, contributing to strong curb appeal. Heating and cooling configurations include central HVAC for the one and two bedroom units, while studio units are fitted with window air conditioning. The property benefits from ongoing professional pest control and landscape maintenance services, ensuring consistent upkeep. Property operates efficiently without the need for an on-site manager, helping reduce operating expenses and improve overall returns.

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