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
HOA Y/N No
Year Built 1920
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type 5 or More Units
Source MLS Metrolist
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
Direction Travelling east on HWY 99, take Exit 195 onto Bell Ln. When Bell Ln turn into Bell Dr, take left and then take another immediate left onto Applegate Rd. Continue north on Applegate Rd for .25 Miles and then make a right onto Atwater Blvd. Turn left onto 4th st and then take a right onto Broadway Ave. The property will be on your left.
Interior
Heating See Remarks
Cooling See Remarks
Flooring See Remarks
Laundry Other
Exterior
Parking Features See Remarks
Utilities Available Sewer Connected,City,Electric,Other
Water Access Desc Meter on Site
Total Parking Spaces 5
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
Senior Community No
Tax ID 002-212-006
Special Listing Condition None