71 Mono St

    Oroville, CA 95965
    • $1,000,000
    • STATUS: Active
    • ON SITE: 53 days
    • ID#: 20568354
    UPDATED: 22 min ago
    $1,000,000
    • 0
      BEDS
    • 1.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    71 & 83 Mono St TWO APNS. 1 Vacant unit, will be rented for $800 before new owner takes over, then Gross income will be $104,952 Per year. Also all units will be up with 8% increase to $800 or more, so projected income of all at $800 is very conservative, 12 x 800 = $9600 or $115,200 a year. Current Property Manager managed since 2014, took over with 5 Vacancies and know this property and tenants well. Strong Property manager is the key to maintaining a good investment. 5 of the 12 units are on Section 8 so most of the rent is paid by the government, housing office. Very good property with a long term growth, also rent prices are going up as there is a shortage of good managed units. 6 detached buildings 1 building for 2 units, each 2br 1 bath

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-25T17:26:14.923. 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/104743140

    71 Mono St Oroville, CA 95965

    • Price: $1,000,000
    • Status: Active
    • Updated: 22 min ago
    • ID#: 20568354
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.13
    Acres
    Neighborhood:
    LCBCR - Butts Canyon Road
    County:
    Butte
    Area:
    LCBCR - Butts Canyon Road
    Property Description
    71 & 83 Mono St TWO APNS. 1 Vacant unit, will be rented for $800 before new owner takes over, then Gross income will be $104,952 Per year. Also all units will be up with 8% increase to $800 or more, so projected income of all at $800 is very conservative, 12 x 800 = $9600 or $115,200 a year. Current Property Manager managed since 2014, took over with 5 Vacancies and know this property and tenants well. Strong Property manager is the key to maintaining a good investment. 5 of the 12 units are on Section 8 so most of the rent is paid by the government, housing office. Very good property with a long term growth, also rent prices are going up as there is a shortage of good managed units. 6 detached buildings 1 building for 2 units, each 2br 1 bath
    Exterior Features

    Lot Size Units Square Feet Parking Features Paved Parking YN Yes

    Interior Features

    Heating Central Heating YN Yes

    Property Features

    Gross Income 95352.00 Gross Multiplier 9.99 Gross Operating Income 95352.00 Net Operating Income 61912.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 33440.00

    Listing provided courtesy of Jason Hurst of Egl Properties Incorporated


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-25T17:26:14.923. 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,