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Listed by Michael Lee • Ryno Company
$699,000
Est. payment /mo
4,800 SqFt
Price Dropped by $51K
1584 Montgomery Street Oroville, CA 95965
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Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $145
MLS Listing ID SN-25102609
Year Built 2005
Lot Size 9,148 Sqft
Property Sub-Type Commercial/Residential
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. o PROPERTY OVERVIEW o Total units: 4 o Unit configurations: 3 bedroom, 2.5 bathroom o Total bedrooms/bathrooms: 12 beds, 10 baths o Total living area: ~4,800 sq ft o Unit sizes: 1,200 sq ft ? o KEY FEATURES o 1 car garage with each unit o Easy access to shopping, dining, and public transportation o Central A/C in each unit o Laundry hookups in the garage of each unit (tenant-supplied washers and dryers) o INVESTMENT HIGHLIGHTS o Large corner lot in the heart of downtown Oroville o Highly attractive location for a variety of renters o Strong rental demand in the area with consistent occupancy o Most current tenants in long-term occupancy o Rent/value could be increased with light renovations o No showings without an accepted offer. Please do not disturb tenants.
Location
State CA
County Butte
Zoning R3
Interior
Heating Central
Cooling Central Air
Fireplaces Type None
Laundry See Remarks, Electric Dryer Hookup, Washer Hookup
Exterior
Parking Features Gated
Garage Spaces 4.0
Pool None
Community Features Biking, Curbs, Gutters, Sidewalks, Street Lights, Urban
Building
Lot Description Corner Lot, 2-5 Units/Acre
Sewer Public Sewer