1120 2nd Avenue

    Oroville, CA 95965
    • $587,500
    • STATUS: Active
    • ON SITE: 80 days
    • ID#: SN20048709
    UPDATED: 47 min ago
    $587,500
    • 0
      BEDS
    • 0.69
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,032
      SQFT
    • $146
      $/SQFT
    Type:
    Multi-Family
    Built:
    1980
    County:

    School Ratings & Info

    Description

    6 Turn-key units on a cul-de-sac in good location. New Comp roof added Summer 2019 with many other upgrades! Each 2-bedroom unit come with their own locking storage unit. 4 of 6 Units upgraded Summer of 2019 with corian countertops, nice cabinetry, lighting, ceiling fans, dishwashers and cooling units. 2 units had good long term tenants. Seller upgraded 4 units thus finding better tenants. Community Laundry room with leased washer & dryer service who maintains these appliances. Has sufficient parking for all 6 units. Beautifully landscaped grounds being added to this cul-de-sac lot (.69 acre). Close to schools, Oroville hospital. All units have refrigerators, gas ranges & garbage disposals. Updated unit bathrooms have newer vanity's & added new mirrors. Existing shower tub enclosure in good condition. All units have tile flooring other than carpeted bedrooms. Two units have title updated. Newer 2 inch blinds added to 4 units. Seller recently added in-ground sprinklers and is in the process of adding ground cover to front and back. Kleins Cabinets added the European style doors with soft close. Newer electric outlets and all the lighting is LED. Seller pays the water & garbage however, tenants pay their own gas & electric. 13 parking spaces. This seller also has an 8 unit apartment for sale MLS # SN20048619 $875,000 as well as a single family house rental MLS # SN20048264 $164,000

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-25T16:26:02.63. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.

    www.theashleycooperteam.com/homes/103853816

    1120 2nd Avenue Oroville, CA 95965

    • Price: $587,500
    • Status: Active
    • Updated: 47 min ago
    • ID#: SN20048709
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.69
    Acres
    4,032
    SQFT
    $146
    $/SQFT
    1980
    Built
    County:
    Butte
    Property Description
    6 Turn-key units on a cul-de-sac in good location. New Comp roof added Summer 2019 with many other upgrades! Each 2-bedroom unit come with their own locking storage unit. 4 of 6 Units upgraded Summer of 2019 with corian countertops, nice cabinetry, lighting, ceiling fans, dishwashers and cooling units. 2 units had good long term tenants. Seller upgraded 4 units thus finding better tenants. Community Laundry room with leased washer & dryer service who maintains these appliances. Has sufficient parking for all 6 units. Beautifully landscaped grounds being added to this cul-de-sac lot (.69 acre). Close to schools, Oroville hospital. All units have refrigerators, gas ranges & garbage disposals. Updated unit bathrooms have newer vanity's & added new mirrors. Existing shower tub enclosure in good condition. All units have tile flooring other than carpeted bedrooms. Two units have title updated. Newer 2 inch blinds added to 4 units. Seller recently added in-ground sprinklers and is in the process of adding ground cover to front and back. Kleins Cabinets added the European style doors with soft close. Newer electric outlets and all the lighting is LED. Seller pays the water & garbage however, tenants pay their own gas & electric. 13 parking spaces. This seller also has an 8 unit apartment for sale MLS # SN20048619 $875,000 as well as a single family house rental MLS # SN20048264 $164,000
    Exterior Features

    Carport Spaces 0.00 Exterior Features Rain Gutters Foundation Details Slab Garage Spaces 0.00 Lot Features 6-10 Units/AcreCul-De-SacLevel With StreetLot 20000-39999 SqftLevelSprinklers Timer Lot Size Source Assessor Lot Size Units Square Feet Other Structures Storage Parking Total 13.00 Pool Features None Pool Private YN No Property Attached YN Yes Roof Composition View Neighborhood View YN Yes

    Interior Features

    Appliances Gas RangeRefrigerator Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 672 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Flooring Vinyl Heating Wall Furnace Heating YN Yes Interior Features Corian Counters Laundry Features Common Area Levels One Room Type All Bedrooms Down

    Property Features

    Accessibility Features No Interior Steps Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 8.60 Community Features BikingCurbsFishingHikingGuttersPark Country Us Electric Expense 147.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 2690.00 Gross Income 59220.00 Gross Multiplier 9.92 Gross Operating Income 59220.00 Gross Scheduled Income 59220.00 Insurance Expense 1649.00 Land Lease YN No Laundry Equipment Own Lease Lease Laundry Income 720.00 Laundry YN Yes Maintenance Expense 1200.00 Net Operating Income 50686.00 New Construction YN No New Taxes Expense 7344.00 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 7 Number Of Units Leased 6 Number With Dishwasher 6 Number With Disposal 6 Number With Range 6 Number With Refrigerator 6 Operating Expense 8534.00 Pest Control Expense 43.00 Present Loans 0 Professional Management Expense 3553.00 Property Condition Turnkey Property Sub Type Apartment Rent Control YN Yes Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 4900.00 Total Expenses 8534.00 Trash Expense 2228.00 Vacancy Allowance 0 Water Sewer Expense 2753.00 Water Source Public Year Built Source Assessor Zoning R2m

    Listing provided courtesy of Robin Fox of Homebased Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-25T16:26:02.63. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.

     
    First Team Real Estate
    CA,