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2737 Gilmore LN Oroville, CA 95966
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Key Details
Sold Price $1,500,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 11,520 sqft
Price per Sqft $130
MLS Listing ID SN20152162
Sold Date 10/16/20
HOA Y/N No
Year Built 1979
Tax Year 2019
Lot Size 2.000 Acres
Acres 2.0
Property Sub-Type Multi Family
Property Description
Two words describe this rare investment opportunity- CASH COW. Well maintained apartment complex consisting of 16 single story, two bedroom/one bathroom units (8 duplexes) each with an attached single car garage with washer/dryer hookups spread across 4 parcels totalling about 2 acres. Located behind Oroville Hospital, & accessed by a private road shared with the hospital. Exterior grounds are landscaped with tasteful trees & shrubs utilizing a water conservation plan by way of an automatic drip system, with decorative rock riverbeds throughout, also acting as a drainage system. Perimeter wood fence with masonry stone pillars runs along the back & sides of the complex. The exterior of the buildings have vinyl siding, composition roof, roof mounted security spot lights and locked mailboxes. Each virtually identical unit is about 725 sqft. with an enclosed patio with access from the living room through a sliding glass door, a kitchen with electric appliances (refrigerator, stove/oven & dishwasher), ceiling fans in each room & living area, windows with vertical blinds throughout, gas wall heater & wall A/C. The bathrooms have low flow toilets & either a full sized tiled walk-in shower or tiled tub/shower. Vinyl flooring is in the bathroom and kitchen with carpet throughout the rest of the unit. Twelve of the apartments have been entirely remodeled, with the remaining 4 partially remodeled. This is a one family owned, well run establishment, & a slam dunk investment opportunity.
Location
State CA
County Butte
Interior
Heating Wall Furnace, Natural Gas
Cooling Wall/Window Unit(s), Electric
Laundry Electric Dryer Hookup, Gas & Electric Dryer Hookup, In Garage
Exterior
Fence Good Condition, Privacy, Wood
Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Underground Utilities, Water Available, Water Connected
Roof Type Composition
Building
Lot Description 16-20 Units/Acre, Front Yard, Landscaped, Level with Street, Near Public Transit, Patio Home, Paved, Sprinklers Drip System, Sprinklers Timer
Water Public
Others
Security Features Carbon Monoxide Detector(s),Security Lights,Smoke Detector(s)
Special Listing Condition Standard
Lease Land No
Confidential INFO
BAC 2.5
TERMS Submit
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent,Occupant
SHOW CONTACT NAME Alisha Simpkins
SHOW CONTACT PH 530-354-4244
SHOW INSTRUCTIONS Text Agent for showing. Vacant unit is 2739 Gilmore Lane, Unit 3 is available to show and the rest can be seen upon acceptance. Please have your clients watch 3D tour before scheduling showing and provide proof of funds and PEAD prior to showing.
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