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218 W K Street

Los Banos, CA 93635
  • $1,585,000
  • STATUS: Active
  • ON SITE: 20 Days
  • ID#: 222096152
UPDATED: 24 min ago
$1,585,000
  • 8
    BEDS
  • 0.3
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 6,600
    SQFT
  • $240
    $/SQFT
Neighborhood:
Type:
Multi-Family
County:
Area:

School Ratings & Info

Description

Right in the heart of Los Banos is an excellent investment opportunity with a cap rate of 5.4% with upward potential to 7+% (once all unit rents reach market value.) 2 buildings with 4-units in each, totaling 6,600 sq.ft.. Updates vary by unit with 825 ft. each - 2 BR/1 BA. Upgrades include dual pane windows, new carpet, recently painted, updated cabinets, granite countertops, updated vanity cabinet/sinks and tile floors. All eight units feature central heat/air systems. Units are on separate electric meters. Shared laundry and 7-vehicle carport and 1 open parking space. All units are currently rented on a month-to-month basis.

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© 2022 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Anselmo Homes | McGuire Capital Group. Data last updated: 2022-08-17T14:57:40.017.
www.anselmohomes.com/homes/131325851
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218 W K Street Los Banos, CA 93635

  • Price: $1,585,000
  • Status: Active
  • On Site: 20 Days
  • Updated: 24 min ago
  • ID#: 222096152
8
Beds
4
Baths
0
½ Baths
0.3
Acres
6,600
SQFT
$240
$/SQFT
Neighborhood:
20411
County:
Merced
Area:
20411
Property Description
Right in the heart of Los Banos is an excellent investment opportunity with a cap rate of 5.4% with upward potential to 7+% (once all unit rents reach market value.) 2 buildings with 4-units in each, totaling 6,600 sq.ft.. Updates vary by unit with 825 ft. each - 2 BR/1 BA. Upgrades include dual pane windows, new carpet, recently painted, updated cabinets, granite countertops, updated vanity cabinet/sinks and tile floors. All eight units feature central heat/air systems. Units are on separate electric meters. Shared laundry and 7-vehicle carport and 1 open parking space. All units are currently rented on a month-to-month basis.
Exterior Features

Architectural Style Contemporary Carport Spaces 7 Covered Spaces 0 Foundation Details Slab Independent Parking Spaces 0 Lot Features Landscape FrontSidewalkCurbs/Gutters Open Parking Spaces 1 Parking Features Carport Parking Total 8 Roof Flat Tandem Parking Spaces 0

Interior Features

1 Bedroom Units Total 0 2 Bedroom Units Total 8 3 Bedroom Units Total 0 4 Bedroom Units Total 0 Appliances Built-In Electric Oven Commercial Units Total 0 Cooling Central Flooring TileCarpet Heating ElectricCentral Laundry Features In Common AreaCoin Operated Studio Units Total 0

Property Features

Association Fee 0 Association YN No Auction No Availability Date 1800-01-01T00:00:00 Electric 220 Volts Gross Income 112800 Property Sub Type 5 Or More Units Property Type Residentialincome Security Features Smoke DetectorCarbon Mon Detector Sewer Public Sewer Subtype Description Apartments Tenant Pays ElectricityCable Tv Utilities Internet AvailableElectricDsl AvailableCable Available Water Source Public Zoning Description R2

Listing information © 2022 Bay Area Real Estate Information Services. Listing courtesy of Stephanie Marrone of Domestique Real Estate.


© 2022 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Anselmo Homes | McGuire Capital Group. Data last updated: 2022-08-17T14:57:40.017.
 
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