60 Nelson Avenue Oroville, CA 95965

$786,500 Closed

About the Property

Please Note: This property has been SOLD

INVESTMENT OPPORTUNITY ALERT! Wow, not too often you find TWO Contiguous FOUR-PLEXES for a total of EIGHT UNITS on two parcels! 60 & 64 Nelson Ave are fully rented and EACH unit offers 2-Bedrooms, 1-Bath, a single car garage and approximately 720+/-SqFt Each. This is a great opportunity for your first investment property or to help grow an already established rental portfolio. Oroville is a growing community and these properties are centrally located in a popular area near goods, services and transportation. Don’t miss an opportunity like this, Multi-Family properties are difficult to find and this one has great growth potential. Take a look today while these are still available.

Property Information

Size 5,760 SqFt
Price/SqFt $137
Lot Size 1.13 Acres
Year Built 1979
Property Type Residential Income
Zoning R2M
Listing Number SN24149613
Listed 7/21/2024
Modified 8/28/2024
Listing Agent Chari Bullock
Listing Office American Homes and Land
Total Building 2
Total Units 8

Property Features

# Electric Meters
  • 10
# Gas Meters
  • 10
# Units Leased
  • 8
# Water Meters
  • 2
Cooling
  • Wall/Window Unit(s)
Garage Spaces
  • 8.00
Gross Income
  • 87000.00
Gross Scheduled Income
  • 87000.00
Heating
  • Wall Furnace
Levels
  • One
Net Operating Income
  • 82202.00
Operating Expense
  • 4798.00
Parking Total
  • 16.00
Pool
  • None
Price Pe rUnit
  • 93750
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 1
Total Actual Rent
  • 7250.00
Total Expenses
  • 4798.00
Uncovered Spaces
  • 8.00
Views
  • Neighborhood
Water Source
  • Public
Construction Materials
  • Concrete
  • Frame
Community Features
  • Curbs
  • Fishing
  • Hiking
  • Lake
  • Watersports
  • Suburban