$1,050,000
$1,298,000
19.1%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 03/28/2022
Key Details
Sold Price $1,050,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 222004577
Sold Date 03/28/22
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1952
Property Description
This Multi-Unit community consists of 9 single-family homes and a triplex totaling 12 units. Each unit has its carport, large storage area, indoor laundry, nearly private yards, and long-term tenants. Clean, well maintained, needs some TLC. The property offers significant upside by improving rents to meet the local market value and possible room for additional growth -built-out-expand amenities to the underutilized portions of the property. Current Rents are low due to LONG TERM TENANTS - WITH MARKET RENTS CAP RATE IS 8.676 % - GRM 7.70 - ANNUAL INCOME $168,600 Combined 4 lot are per county record 78,409 - 1.8 acres
Location
State CA
County Butte
Area 12558
Direction HWY 99, TAKE SYCAMORE ST, TO VERMONT ST ON THE CORNER OF VERMONT AND LOCUS ST
Interior
Heating Wall Furnace, Varies by Unit
Cooling Varies by Unit
Flooring Concrete, Tile, Laminate, Vinyl, Wood, Varies by Unit
Laundry In Each Unit
Exterior
Exterior Feature Yard Space
Parking Features Carport, RV Storage, Varies by Unit, Guest Parking Available, Other
Carport Spaces 12
Utilities Available City, Electric
Water Access Desc Public
Roof Type Composition
Accessibility AccessibleApproachwithRamp
Handicap Access AccessibleApproachwithRamp
Porch Varies by Unit
Total Parking Spaces 24
Building
Lot Description Corner, Other
Story 2
Foundation Other, Raised
Sewer Septic System, Shared Septic, Septic Connected
Water Public
Architectural Style Cottage
Level or Stories One, Two
Schools
Elementary Schools Gridley Unified
Middle Schools Gridley Unified
High Schools Gridley Unified
School District Butte
Others
Senior Community No
Tax ID 010-360-012-000
Special Listing Condition Offer As Is, None
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Bought with DoorTru
bobandrobyn@thebrokerage360.com
2012 Elvenden Way, Roseville, CA, 95661, United States