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Listed by Michael Lee • Ryno Company
$ 699,000
Est. payment | /mo
4,800 SqFt
$ 699,000
Est. payment | /mo
4,800 SqFt
Key Details
Property Type Multi-Family
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $145
MLS Listing ID CRSN25102609
HOA Y/N No
Originating Board Datashare California Regional
Year Built 2005
Lot Size 9,148 Sqft
Property Sub-Type OTHER
Property Description
1584 Montgomery Street in Oroville, California, presents a compelling opportunity for investors seeking a turnkey residential investment or a value-add project in a historically rich neighborhood. Situated on a 9,147 sq ft corner lot, this 4-unit complex provides investors a prime opportunity to own a large property in the heart of downtown Oroville. Since its construction in 2005, the property has seen strong rental demand, with the majority of current tenants in long-term occupancy. Additionally, the property offers investors an opportunity to increase value with light renovations. • PROPERTY OVERVIEW • Total units: 4 • Unit configurations: 3 bedroom, 2.5 bathroom • Total bedrooms/bathrooms: 12 beds, 10 baths • Total living area: ~4,800 sq ft • Unit sizes: 1,200 sq ft ? • KEY FEATURES • 1 car garage with each unit • Easy access to shopping, dining, and public transportation • Central A/C in each unit • Laundry hookups in the garage of each unit (tenant-supplied washers and dryers) • INVESTMENT HIGHLIGHTS • Large corner lot in the heart of downtown Oroville • Highly attractive location for a variety of renters • Strong rental demand in the area with consistent occupancy • Most current tenants in long-term occupancy • Rent/value could be increase
Location
State CA
County Butte
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Other, See Remarks
Building
Lot Description Corner Lot
Water Public
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