Investment Overview

Marcus & Millichap is pleased to present Yardley Gardens located in Merced, CA. The property was built in 1978, single-story construction and consists of 52 units totaling approximately 56,640 square feet on a 4.4 acre lot. The building consists of all two-bedroom units: (36) two-bedroom/ one-bathroom that are approximately 1,040 square feet and (16) two-bedroom/two-bathroom units that are approximately 1,200 square feet. There are (2) laundry rooms that the owner owns for additional income. Twelve of the two-bedroom/two-bathroom units have washer/dryer hookups. The units are very spacious with large, enclosed patios. The property also has a swimming pool and walking distance to Black Rascal Creek Bike Trail. Yardley Gardens is a single-story building that attracts tenants because of its fantastic location and large units. Approximately 42% of the units have been renovated with vinyl plank flooring, new appliances, countertops, etc. All the electric panels were replaced recently. The property is very well-maintained. The property is surrounded by residential homes in a quiet residential neighborhood. The property is walking distance to Merced High School, 1.5 miles from Merced Junior College and 2 miles from UC Merced. There are many retail options and office buildings that are close by to the property.