This unique multi-family property sits on just under half an acre and features two homes on one lot, offering incredible potential for investment or multi-generational living. Both homes have been fully gutted, providing a blank canvas for you to design the interiors to your specifications. Each house is currently a two-bedroom, one-bathroom layout with ample space to add additional rooms, making it ideal for expansion. The generous lot size offers plenty of outdoor space for both properties, creating opportunities for additional parking, landscaping, or even future development. Whether you're looking to renovate both homes and rent them out, live in one and lease the other, or design your dream multi-family setup, this property presents endless possibilities. A rare find for even the most discerning buyer, it enjoys a prime location near shops, restaurants, grocery stores, and is just a few short minutes from both UC Merced and Merced JC.
YOUR INVESTMENT OPPORTUNITY AWAITS! Property has 5 units with a laundry room on site. Each unit has two bedrooms and one bathroom. All units have fresh paint and recent updates!
Welcome to “The Palms,” home to the UC Merced Bobcats. This completely renovated 22-Unit apartment complex is in the heart of Merced. Built in 1960 with a stable tenant profile, situated on a 20,000+ Sq. Ft. lot. With a mix of 18 Studio units and 4 one bedroom units, each residence has been recently upgraded with vinyl flooring, new kitchen cabinets, beautiful countertops, and sleek new bathrooms. The Palms property has two buildings with studios of 411 living square footage, and 1-bedrooms with 565 of living square footage. This apartment has an on-site laundry facility, new 30-year composition roof, all new iron gate fencing & enclosed private gate parking for all residents.
Welcome to this unique opportunity featuring two homes on one lot, perfect for investors or extended families seeking additional space. The first home is a 3-bedroom, 1-bathroom unit currently undergoing a full renovation. Once complete, it will showcase new siding and upgraded interior finishes, providing a fresh and modern living experience. The second home is a beautifully remodeled 2-bedroom, 1-bathroom unit with a newly painted exterior. Inside, you'll find updated finishes, creating a warm and contemporary space that’s ready to move in. This property offers flexibility for living, renting, or future potential, all while being conveniently located close to local amenities. With the ongoing improvements, this is a great opportunity to make this dual-home property truly your own!
Merced is located in California. Merced, California has a population of 85,993. Merced is less family-centric than the surrounding county with 29.1% of the households containing married families with children. The county average for households married with children is 33.05%.
The median household income in Merced, California is $52,305. The median household income for the surrounding county is $58,861 compared to the national median of $69,021. The median age of people living in Merced is 29.6 years.
The average high temperature in July is 95.1 degrees, with an average low temperature in January of 37.1 degrees. The average rainfall is approximately 12.5 inches per year, with 0 inches of snow per year.