2790 N State Highway 59Merced, CA 95348
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$10,265Presenting 2790 N. State Highway 59, a well-maintained 12-unit multifamily property built in 1994. Each unit features a desirable 2-bedroom, 1-bathroom layout with strong rental appeal and stable occupancy. The property currently generates $12,525 per month, averaging approximately $1,043 per unit, with nine scheduled rent increases raising projected gross income to $13,425 per month. Located just 14 minutes from UC Merced with convenient Highway 99 access, this asset sits in a growing rental corridor with strong demand. With local market rents around $1,500 per unit, this property offers meaningful value-add potential and reflects an attractive 7% pro forma cap rate, making it an excellent opportunity for investors seeking upside in a stable asset class.
| 16 hours ago | Listing updated with changes from the MLS® | |
| 16 hours ago | Listing first seen on site |
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Last checked 2025-12-02 06:28 AM PST
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