$275,000
$329,000
16.4%For more information regarding the value of a property, please contact us for a free consultation.
0.49 Acres Lot
SOLD DATE : 11/04/2020
Key Details
Sold Price $275,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OR20175064
Sold Date 11/04/20
HOA Y/N No
Year Built 1947
Lot Size 0.490 Acres
Acres 0.49
Property Description
Unique rare 4 unit income property "OWNER FINANCE" ownership opportunity! If you are an investor or someone looking to do some residential income property investing but do not want to deal with a bank, this could be the place to consider. Lets face it... this property is not an immaculate beauty, but the potential is here. Tenants could use a good reprimanding to clean up debris and junk scattered around on property. A new owner could be just what this property needs to clean this place up. Tenants range from three at over 10+ years occupancy terms and 1 at around 5+ year occupancy term according to owner. Rents have remained the same for a long time & are obviously way under market for the area. Seller never raised the rents to appeal to tenants. Upside income potential for future increases as allowed by law. Units consist of a 1/1 home renting at $550 per month. A 2/1 manufactured home at $575 per month. A 2/1 manufactured home at $550 per month. As well as a 2/1 home renting at $600 per month. Separate PGE meters. Seller pays water/trash. Units appear to have fenced off yard areas. Seller prefers & would like to carry a first note with reasonable down payment on easy terms. Ask your realtor for specifics located under agent remarks in Multiple Listing. Units will not be shown unless buyer submits an offer with proof of qualifications, verification of decent credit with offer subject to interior inspections. Income/Expense details are rough estimates only.
Location
State CA
County Butte
Rooms
Ensuite Laundry Inside
Interior
Laundry Location Inside
Fireplace No
Laundry Inside
Exterior
Garage Driveway, On Street
Pool None
Community Features Suburban
Parking Type Driveway, On Street
Total Parking Spaces 8
Private Pool No
Building
Lot Description Corner Lot, Street Level
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 031201054000
Acceptable Financing Owner Will Carry, Owner May Carry
Listing Terms Owner Will Carry, Owner May Carry
Financing Seller Financing
Special Listing Condition Standard
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Bought with Mario Gattavara • Coldwell Banker Lifestyles Properties