2520 Mckee Road, Merced, California 95340, Merced, 95340 - 2 bed, 1 bath
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Merced, California 95340
This property presents a High-Potential Investment Opportunity with a List Price of $410,000, which aligns with the current $410,000 Fair Market Value. Featuring a Condition Rating of 5, this asset requires a full interior rebuild, offering a blank canvas for value-add renovations. The expansive 17,264 sqft lot and dual-home configuration provide significant upside for rental income or multi-generational utility. Its proximity to UC Merced ensures consistent tenant demand. This is a strategic acquisition ideal for Buy-and-Hold Investors or Contractors seeking a scalable project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2520 Mckee Road Subject | $410,000* List Price | 2 | 1 | 1,257 | $326 | - |
A 2580 Country Drive Active | $364,900 List Price | 4 | 2 | 1,574 | $232 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is currently in a fully gutted state, described as a 'blank canvas' with no functional kitchens, bathrooms, flooring, or finished interior systems. Built in 1946, it requires substantial rehabilitation and a complete interior rebuild to meet habitability standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17264, living area = 1257.
The property features two separate homes on a single lot, providing an excellent opportunity for multi-generational living or generating double rental income.
The seller's willingness to consider owner-carry terms offers a significant advantage for investors or buyers who may require creative financing solutions.
Both homes have been fully gutted, requiring a substantial capital investment and a lengthy renovation timeline before the property can be occupied.
Built in 1946, the property may present hidden structural or system challenges common in older homes that must be addressed during the rebuilding process.
Owner may carry for the right price/terms. This unique multi-family property sits on just under half an acre and features two homes on one lot, offering incredible potential for investment or multi-generational living. Both homes have been fully gutted, providing a blank canvas for you to design the interiors to your specifications. Each house is currently a two-bedroom, one-bathroom layout with ample space to add additional rooms, making it ideal for expansion. The generous lot size offers plenty of outdoor space for both properties, creating opportunities for additional parking, landscaping, or even future development. Whether you're looking to renovate both homes and rent them out, live in one and lease the other, or design your dream multi-family setup, this property presents endless possibilities. A rare find for even the most discerning buyer, it enjoys a prime location near shops, restaurants, grocery stores, and is just a few short minutes from both UC Merced and Merced JC.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,257 | 1,721.5 |
| Lot Size | 17,264 | 7,120 |
| Price | $410.0K | $407.4K |
| Price per sq ft | $326 | $253 |
| Built year | 1946 | 2002 |
| HOA | $0 | $108 |
| Days on market | 554 | 62 |
Jan 14, 2025
$410,000
Initial Listing
May 17, 2024
$265,000
Public Record
Jan 25, 2017
$153,000
Public Record
Oct 12, 2004
$100,000
Public Record