3321 Santa Rosa CT, Merced, CA 95348

Property Description

Searching for an 8-bed fourplex in Merced under $600,000 with income upside and a move-in opportunity? This centrally located fourplex offers four spacious units, recent upgrades in select units, and strong rental potential near major retail anchors, making it ideal for both owner occupants and investors. Welcome to 3321 Santa Rosa Ct in Merced, a well-positioned fourplex featuring two 2 bedroom 1 bath units and two 2 bedroom 1.5 bath units across 3,909 square feet on a 9,141 square foot lot. Both 2 bed 1.5 bath units have been recently updated with new flooring, fresh interior paint, and upgraded kitchen counters and cabinets, creating immediate appeal for tenants or an owner occupant. One unit is currently vacant, offering the opportunity to achieve approximately $1,400 in rent and an estimated 7% cap rate once filled. Two units are occupied by long-term tenants, providing stable income with future rental upside. The property includes three open parking spaces and four covered carport spaces for tenant convenience. Located near the newly remodeled Marketplace at Merced Mall and Target, residents enjoy easy access to shopping, dining, and daily essentials. This property is well suited for an owner occupant looking to offset housing costs or an investor seeking a value-add opp