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Sold on 11/22/2021
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1175 N Parsons Ave, Merced, CA 95341

  • $625,000

    Last sold 11/22/2021 for $505K

  • 2

    bed

  • 1

    bath

  • 3,600

    Sqft ($140/Sqft)

Multi-family not for sale
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About 1175 N Parsons Ave

Property type Multi-family
Neighborhood
Year built 1979
HOA fee $0/month
Lot size 0.44 Acre
Movoto estimate
Property description
2 Duplexes on 1 lot in great location. Across the street from Golden Valley High School and easy access to SR 99 for commuters. Units have excellent rental history with long term tenants. There appears to be space in the rear to build additional Duplex ( with the approval of the City of Merced). Each unit is 2 bdrm, 1 bath and approx 900 sq ft. Each unit has a small outdoor storage closet, central heat & air, all have indoor washer and dryer hookups. Rents are currently $750 monthly. A current rental survey indicated the rents of $850-$900 per unit. NOTE: Expenses and net operating income are estimates ONLY. All information regrading income and operating expenses shall be provided during Buyer inspection and Investigation period and shall be subject to Buyers approval. UNITS are: 1175, 1179, 1185, and 1189.
Listed by
Listing Agent - Melinda Price
Listing Office - Next Door Real Estate
Source: Fresno MLS mls logo
MLS#566563 • last updated 4 years ago
Movoto checked Fresno MLS for data 4 minutes ago
Overview
SqFt 3600
SubType Duplex
Status Sold
Type Multi Family
Lot Size (Acres) 0.4441
Lot Size (SqFt) 19345
Year Built 1979
Foreclosure (Y/N) No
Interior
# Bedrooms 2
Exterior
Foundation Concrete Perimeter
Roofing Composition
Amenities / Utilities
Gas & Electric Public Utilities
Sewer/Water Public Water
Special Features Laundry In Each Unit
Location
Area 340
County Merced
School Name 2 Merced
School Type 2 Junior High School
School Type 3 Grade School
School Type 1 High School
School District 2 Merced
School Name 1 Merced
School Name 3 Merced
APN 35150045
Multifamily Details
Total # of Buildings 2
Total # of Units 4
Annual Gross Income 36000
Financial Data Source Owner
Annual Operating Expense 8720
Annual Net Income 27280
$625K
Range: $575K-$675K
Last 30 days 
  • Feb 2022
    mls logo MLS # 566563
  • Feb 8, 2022 Sold
    $505,300 (+0.4%)
  • Oct 15, 2021 Pending
    —
  • Oct 5, 2021 Listed
    —
  • Sep 29, 2021 Pending
    —
  • Sep 16, 2021 Listed
    $549,000
  • Dec 2021
    mls logo MLS # 221119283
  • Dec 31, 2021 Expired Pending
    —
  • Nov 22, 2021 Sold
    $503,300
  • Sep 29, 2021 Pending
    —
  • Sep 16, 2021 Listed
    $549,000 (-0.2%)
  • Nov 2021
    mls logo MLS # MC21205663
  • Nov 18, 2021 Sold
    $503,300 (-0.4%)
  • Oct 8, 2021 Pending
    —
  • Oct 5, 2021 Listed
    —
  • Sep 29, 2021 Pending
    —
  • Sep 16, 2021 Listed
    $549,000 (-0.2%)
  • Nov 2021
    Public Records
  • Nov 18, 2021 Sold
    $505,500 (+0.4%)
  • Nov 2021
    mls logo MLS # MC21204924
  • Nov 18, 2021 Sold
    $503,300
  • Nov 18, 2021 Sold
    $503,300 (-8.3%)
  • Oct 8, 2021 Pending
    —
  • Oct 8, 2021 Pending
    —
  • Oct 7, 2021 Listed
    —
  • Oct 7, 2021 Listed
    —
  • Sep 29, 2021 Pending
    —
  • Sep 29, 2021 Pending
    —
  • Sep 16, 2021 Listed
    $549,900
  • Sep 16, 2021 Listed
    $549,900 (+0.2%)
  • Apr 2021
    mls logo MLS # MC21075736
  • Apr 10, 2021 Listed
    $549,900 (+37.5%)
  • Nov 2018
    mls logo MLS # MC18271129
  • Nov 8, 2018 Listed
    $400,000
  • 1175 N Parsons Ave
    $505K
  • Urban
    —
  • 95341
    $421K +4% y/y
  • Merced
    $435K +1% y/y
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