6860 Walnut AvenueWinton, CA 95388
Merced County
Description
33 residential units configured as 15 duplexes, one triplex and one single-family home. All units are 2-bedroom / 1-bath residences with approximately +/- 830 SF per unit. Approximately +/- 26,000 SF of total building area, per owner-provided information. Approximately 99% leased, providing a highly stabilized occupancy profile. Going-in cap rate of 6.44% with current NOI of $218,512. Winton location provides access to Atwater, Merced, State Route 99, and the broader Merced County employment base. County approved four additional units on the parcel UC Merced continues to expand its academic and residential footprint with a 200,000+ SF Medical Education Building, a 36,000 SF classroom building, a new student union and 488-bed Promise Housing. The campus is approximately 15.5 miles from the property. Continued university and regional growth may support long-term housing demand and transportation activity across Merced County.
Property Information
- Property type
- Residential Income
- Sub-type
- Multi Family
- Year built
- 1963
- Stories
- 1
- Living area
- 800 Sq Ft
- Lot size
- 1.78 acres
- MLS® Listing#
- 226120667
Property Features
- Cooling
- Other
- Heating
- Hot Water · Other
- Flooring
- Carpet · Other
- Parking
- Other · On Street
- Laundry
- Other
- Lot features
- Other
- Construction
- Frame
- Foundation
- Slab
- Utilities
- Sewer Connected
- Sewer
- Public Sewer · Other
- Water source
- Public
Schools
- District
- Merced
Financial Details
- HOA
- None
- Parcel number
- 146-141-012
Directions
GPS
Listing Courtesy: Capitol Commercial Real Estate and Business Sales - 9164021714
Presented by: Nina Kovalyov
CA DRE# 01520140. Kris Klair Broker
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