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Key Details
Sold Price $326,500
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OR24019308
Sold Date 02/23/24
HOA Y/N No
Lot Size 5,662 Sqft
Property Description
4 UNIT COMPLEX. Income Producing 4-PLEX For Sale! A total of 4 residential rental units here. Currently 3 units are occupied with one vacancy which is currently being offered for rent at $950 per month. Each unit is a studio style unit but one which is a 1 bedroom unit. Average sized units here are right about 400+/-sf each. Plenty of upside potential due to the low, long term tenant non market rents here. Fully fenced perimeter chain link with access gates. Each unit has its own PG&E meters. Close proximity and walking distance to stores and schools. This property is located on a corner lot with all on street parking. Raleys Shopping Center is literally in sight and just a block to the south of this small complex. Oroville High School is just around the way. Bus route and multiple other amenities within walking distance. For the individual looking for that property to roll your 1031 into, a way of generating some future income, here is one to add to your income property portfolio. Currently managed by a property management company. Owner responsible for trash, water and property expenses. Tenants pay their own PG&E/Power. Shown to qualified buyers only with offer subject to interior inspections. Interior of vacant unit (while vacant) can be shown to individuals with verification of qualifications only. DO NOT DISTURB TENANTS. All expenses are close estimates only.
4 UNIT COMPLEX. Income Producing 4-PLEX For Sale! A total of 4 residential rental units here. Currently 3 units are occupied with one vacancy which is currently being offered for rent at $950 per month. Each unit is a studio style unit but one which is a 1 bedroom unit. Average sized units here are right about 400+/-sf each. Plenty of upside potential due to the low, long term tenant non market rents here. Fully fenced perimeter chain link with access gates. Each unit has its own PG&E meters. Close proximity and walking distance to stores and schools. This property is located on a corner lot with all on street parking. Raleys Shopping Center is literally in sight and just a block to the south of this small complex. Oroville High School is just around the way. Bus route and multiple other amenities within walking distance. For the individual looking for that property to roll your 1031 into, a way of generating some future income, here is one to add to your income property portfolio. Currently managed by a property management company. Owner responsible for trash, water and property expenses. Tenants pay their own PG&E/Power. Shown to qualified buyers only with offer subject to interior inspections. Interior of vacant unit (while vacant) can be shown to individuals with verification of qualifications only. DO NOT DISTURB TENANTS. All expenses are close estimates only.
Location
State CA
County Butte
Area Oroville (95966)
Zoning Assessor
Interior
Cooling Wall/Window
Exterior
Roof Type Composition
Building
Lot Description Corner Lot, Sidewalks
Story 1
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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Bought with Mary Colburn • Go West Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "