6655 N Winton Way, CA 95388
$1,820,000
Property Type:
Residential Income
Status:
Closed
Current Price:
$1,820,000
List Date:
12/14/2022
Last Modified:
8/31/2024
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.
More Information MLS# 22-5742
Address Information
Street Number: 6655
Street Name: N Winton Way
Cross Street: Sante Fe
State/Province: CA
Postal Code: 95388
County: Merced
Property Description
Current Price: $1,820,000
Type: Residential Income
Area: 99 - Outside Area
List Price: 1820000
Subdivision: N/A
Parcel Number: 147-111-045-000
Lot Dim or Acres: 1.1
GP Zone: NOT AVAILABLE
Zoning: NOT AVAILABLE
Stories: 1
Year Built: 1984
Year Built Desc: 30+
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
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
Heating
Gas: Natural
Property Features
Unit Type: 5 or More
Parking: Assigned; 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
Listing Office: Realty 110, Inc.
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.