3100 Denver Ave
Merced, CA 95348

Bd   — Ba   38,533 Sqft
12 studios (rents now $400 to $450 all going to $450) + 24 1 Bd. Rm. (rents now $420 to $550 all going to $550) + 28 2 BD. Rm. (rents now $525 to $675 all going raised to $650). Has pool (fenced), lndry. rm, storage rm, covered pking & open area (to build more units?) Cost to build new units (including land, soft costs etc) runs between $100,000 to $140,000. Priced at $60,000 & with less than $20,000 / unit in renovation costs you'll have 'like new' units in one of the best geographic locations in Merced. Located within 2 blocks of regional mall & across the street from two of Merced's newest & largest commercial neighborhood centers (Olivewood and Merced Marketplace). Ideal location for college students as property is within close walking distance to shopping (food & clothing), dining, entertainment & adjacent to student bus route. UC Merced has just begun a 4-year 1.3 billion dollar expansion (several thousand new jobs during construction). Student body to grow from 6,600+/-now to over 10,000+ by 2020. At full build-out UC will have 25,000 to 30,000 students. Area has recovered from RE collapse (Gross income up over 10% in past two years and rents are still rising. Overall vacancy rates have dropped from 23+% to below 1%. GRM 8.7 x's
  • Zipcode: 95348
  • Days on Movoto: 237
  • Year Built: 1981
  • HOA:
  • $/Sqft: $100
  • Lot: 2.90 Acres
  • Property Type: Multi Family
  • MLS#: MC16146447
  • MLS:
  • Listing Office: Tinetti Realty Group
  • Listed By: Steve Tinetti
  • Movoto last checked CRMLS for new data 7 hours ago
  • CRMLS last updated this listing 2 weeks ago

Home Features for 3100 Denver Ave , Merced

Overview
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Property History for 3100 Denver Ave, Merced

Status
Date
Price
Active Under Contract
Feb 9, 2017
Listed
Feb 6, 2017
#MC16146447
Pending Sale
Dec 7, 2016
#16044082
Active Under Contract
Nov 22, 2016
#MC16146447
Listed
Jul 8, 2016
$3,840,000
#16044082
Listed
Jul 6, 2016
$3,840,000
#MC16146447

Public Record for 3100 Denver Avenue, Merced

Basic Info
Beds :
Baths :
Building Area : Sqft
Multi-Family Dwellings (Generic, any combination 2+)
Partial Baths :
Rooms :
Lot Size : 2.9 AC
Year Built :
Last Sale Price : $3,443,000
Last Sale Date : 08/27/2004
House Features
As of today, , there are 48 properties listed for sale in ZIP code 95348 and 142 properties listed for sale in the city of Merced, CA. Of those 142 properties, there are 131 single family houses and 11 condos. The current list price for 3100 Denver Ave is $3,840,000, which is 1401% above the median price of $255,900 for Merced and 1257% above the median of $283,000 for 95348. 3100 Denver Ave is approximately 38,533 square feet, which is 2260% above the median size in Merced of 1,633 Sqft and 2133% above the median size in 95348 of 1,726 Sqft. This property's price per Sqft is $100, which is 36% below the median in 95348 of $157 and 35% below the Merced median of $154.
Built in 1981, this multi family house at 3100 Denver Ave is approximately 38,533 square feet and does not come with a parking spot. It is listed on 07/06/2016 for $3,840,000 with a cost per Sqft of $100. 3100 Denver Ave is located in the Merced City Elementary School District. The closest school is Rudolph Rivera Middle School.

3100 Denver Ave has been on the market for 237 days. The median days on the market for properties in this area is 79 with a median list price of $255,900 and median cost per square foot of $154. It's currently listed as pending under the MLS #MC16146447.

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