1241 Broadway AVE new Save Request In-Person Tour Request Virtual Tour
Atwater,CA 95301
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 6,160 sqft
Price per Sqft $202
MLS Listing ID 225122142
Year Built 1920
Lot Size 4,356 Sqft
Property Sub-Type 5 or More Units
Property Description
Positioned in the heart of Downtown Atwater, 1241 Broadway offers a compelling investment opportunity with stable income and clear upside. The property includes three upgraded 2-bedroom units (840 SF each), one studio (560 SF), and a 3,080 SF retail space currently leased to Furniture One. Recent renovations such as new flooring, kitchens, and bathrooms, minimize near-term capital needs. Residential rents range from $1,400-$1,550 for the two-bedrooms and $1,100 for the studio, below current market averages. This creates potential for increased income through natural turnover and active management. With strong Broadway frontage, a diversified income stream, and long-term value-add potential, 1241 Broadway is well-suited for both first-time investors and experienced operators looking to grow in the Central Valley.
Location
State CA
County Merced
Area 20405
Interior
Heating See Remarks
Cooling See Remarks
Flooring See Remarks
Laundry Other
Exterior
Parking Features See Remarks
Utilities Available Sewer Connected,City,Electric,Other
Building
Lot Description None
Story 2
Foundation SeeRemarks
Sewer Public Sewer
Water Meter on Site
Schools
Elementary Schools Merced City
Middle Schools Merced River
High Schools Merced Union High
School District Merced
Others
Special Listing Condition None