2520 Mckee Road, Merced, California 95340, Merced, 95340 - 0 bed, 0 bath
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Merced, California 95340
Analysis of 2520 Mckee Road, Merced, California 95340 reveals a property with a current list price of $410,000, which is 6% above the estimated $386,178 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Merced Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
The property consists of two homes built in 1946 that have been completely gutted, leaving them in an unlivable state. They require total rehabilitation and substantial investment to install new kitchens, bathrooms, flooring, and modern mechanical systems. While the structures are being marketed as a 'blank canvas' for renovation rather than a total demolition, the current condition meets the criteria for poor due to the lack of functional living components and the need for extensive repairs.
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.
Featuring two separate homes on a single lot, this property offers versatile options for dual rental income, a primary residence with a guest house, or multi-generational living.
Situated just minutes from UC Merced and Merced JC, the property is ideally positioned to attract students and faculty in a high-demand rental market near local amenities.
Both homes have been completely gutted, necessitating a substantial investment of time and capital to design and finish the interiors before the property can be occupied.
Originally built in 1946, the structures may require extensive updates to foundational systems such as plumbing and electrical to meet modern building codes during the rebuild.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 2% |
| Baths | 0.0 | 2.0 | 2% |
| Square foot | 1,257 | 1,571 | 20% |
| Lot Size | 17,264 | 7,500 | 95% |
| Price | $410.0K | $381.0K | 66% |
| Price per sq ft | $326 | $246 | 93% |
| Built year | 1946 | 1964 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 462 | 163 | 0% |
Jan 15, 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