$400,000
$495,000
19.2%For more information regarding the value of a property, please contact us for a free consultation.
4,400 SqFt
SOLD DATE : 12/16/2024
Key Details
Sold Price $400,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,400 sqft
Price per Sqft $90
MLS Listing ID 224103682
Sold Date 12/16/24
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1930
Lot Dimensions 0.17
Property Description
*Since the property is mostly vacant and has deferred maintenance, the figures provided are PROFORMA and does not include the cost to renovate. Each buyer should obtain their own contractor bids and make their own financial analysis backing in the cost of repairs.* Rare investor rehab special with 4 vacant units which renovated can be leased at market rates. An investor has the option to utilize Seller-Financing freeing up cash for making improvements. This property includes a duplex and a triplex. Four (4) of the units are comprised of 2 Bedroom / 1 Bath units. The Tenants pay all utilities since the units are separately metered for water, sewer, garbage, electrical, and gas. The duplex units feature washer and dryer hook-ups and (1 ) of the units has a fenced yard. The roof was renovated in 2024, and while the property requires renovations, it a great value-add opportunity. Two (2) of the units are currently occupied by non-paying tenants. The units have significant deferred maintenance which will require a full renovation.
Location
State CA
County Glenn
Area Glenn County
Direction Head I-5 North. Exit 603 for CA-162 toward Willows/Oraville. Turn left onto CA-162 W/East St, continue straight then turn right onto Shasta N St.
Interior
Heating Gas, Wall Furnace
Cooling Window Unit(s), Individual
Flooring Laminate, Vinyl
Laundry Varies by Unit, Washer/Dryer Hookups
Exterior
Parking Features Off Street
Utilities Available Natural Gas Connected, City, Electric
Water Access Desc Public
Topography Level
Building
Lot Description Corner, Sidewalk
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories One
Schools
Elementary Schools Other
Middle Schools Other
High Schools Other
School District Glen
Others
Senior Community No
Tax ID 002-15-1-012-0
Special Listing Condition Offer As Is
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Bought with PCG Commercial, Inc
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Broker | Lic# 01705659