$1,820,000
CA 95388
MLS# 22-5742
Status: Closed
1 / 18
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.
Details
Address Information
Cross Street: Sante Fe
Street Number: 6655
Street Name: N Winton Way
State/Province: CA
Postal Code: 95388
County: Merced
Property Description
Property Sub Type: Residential Income
List Price: 1820000
Parcel Number: 147-111-045-000
Lot Dim or Acres: 1.1
GP Zone: NOT AVAILABLE
Zoning: NOT AVAILABLE
Year Built Desc: 30+
Stories: 1
Current Price: $1,820,000
Area: 99 - Outside Area
Subdivision: N/A
Year Built: 1984
Remarks
Public Remarks: 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.
Directions: HWY 99 to N. Winton Way
Unit Type
5 or More: 1
Parking
Assigned: 1
Off Street: 1
Unit Description
1 Bedroom: 1
Studio: 1
Miscellaneous
Laundry in Complex: 1
All Units Include
Air Conditioner: 1
Cable: 1
Ownership
Seller: 1
Heating
Forced Air: 1
Gas: Natural
Cooling
Central: 1
Available Terms
1031 Required: 1
All Cash to Seller: 1
Cash to New Loan: 1
Expense Data Source
Owner: 1
Possession
Close of Escrow: 1
Photo
Agent Upload: 1
Selling Terms
Conventional: 1
Owner Expenses
Water: 1
Garbage: 1
Tenant Expenses
Cable: 1
Electric: 1
Gas: 1
Existing Rntl Terms
Month to Month: 1
Contract Information
Status: Closed
List Date: 2022-12-14
Sold Date: 2023-02-03
Under Contract Date: 2023-01-14
Sold Price: $1,820,000
Property Features
Unit Type: 5 or More
Parking: Assigned; Assigned; Off Street; Off Street
Unit Description: 1 Bedroom; Studio
All Units Include: Air Conditioner; Cable
Heating: Forced Air
Cooling: Central
Miscellaneous: Laundry in Complex
Ownership: Seller
Owner Expenses: Garbage; Water
Tenant Expenses: Cable; Electric; Gas
Existing Rntl Terms: Month to Month
Expense Data Source: Owner
Available Terms: 1031 Required; All Cash to Seller; Cash to New Loan
Possession: Close of Escrow
Photo: Agent Upload
Selling Terms: Conventional
IDX
Listing Office: Realty 110, Inc.
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.