NOT LISTED FOR SALE

1547 2nd Ave Oroville, CA 95965

4 Beds
4 Baths
2,720 Sq Ft
6,098 Sq Ft Lot

Last Sold August 31, 2018

Last sale price $285,000 $105 Per Sq Ft

104 Days on Market

About This Home

As of August 2018

Value add opportunity RENTS ARE 20% BELOW MARKET! This 5 unit residential apartment complex is comprised of four 1 bed/1 bath units and one 2 bed/1 bath unit.. Currently, three 1/1 units rent for $500/month and the 4th 1/1 rents for $550/month. The 2/1 is renting at $550. Market rents are $560/unit for the 1/1 units and $600 for the 2/1 units, increasing potential income to $2,840/month. Owners pay water, sewer, garbage and yard maintenance. Great opportunity for investor or small exchange.

Last Agent to Sell the Property

Derek Sandgren

Valley Fair Realty Corporation License #01421584 Listed on: 04/25/2018

Co-Listed By

Brian Sandgren

Valley Fair Realty Corporation License #01703247

Last Buyer's Agent

Christopher MacPhail

3 Point Real Estate & Construction License #01768787

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 6,098 Sq Ft Lot

Parking

  • 5 Covered Spaces

Home Design

  • Frame Construction
  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Laminate Flooring
  • Free-Standing Gas Oven

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 0121-3301-9000

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • 5 Leased Units
  • 5 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Subtype 1: 5 or More Units
  • Stories: 2
  • Year Built: 1959
  • Number of One Bedroom Units: 4
  • Number of Two Bedroom Units: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Gas Oven, Free Standing Refrigerator
  • Other Equipment: None
  • Flooring: Laminate, Linoleum/Vinyl

Exterior Features

  • Construction Materials: Frame, Wood
  • Disclosures/Documents: Rental/Lease Agmts, None
  • Listing Price: 299000.00
  • Roof: Composition

Garage/Parking

  • Covered Parking Spaces: 5
  • Parking Features: 1 Space Per Unit

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall Furnace

Condo/Co-op/Association

  • Association Features: Separate Laundry Facility
  • Association: No

Schools

  • Senior High School District: Other

Lot Info

  • Zoning Description: R2M
  • Lot Size Acres: 0.1400
  • Lot Size Sq Ft: 6098

Rental Info

  • Tenant Pays: Cable TV, Electricity
  • Total # Leasable: 5

Multi Family

  • Gross Income: 31800
  • Income Includes: Laundry
  • Number of Leased Units: 5
  • Number of Month to Month Units: 5
  • Number of Units: 5
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 0121-3301-9000

MLS Schools

  • School District (County): Other

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2018 08/31/18 Sold $285,000 -4.7% $105 / Sq Ft
08/07/2018 08/07/18 Pending -- -- --
07/23/2018 07/23/18 Price Changed $299,000 -3.5% $110 / Sq Ft
06/22/2018 06/22/18 Price Changed $309,900 -3.1% $114 / Sq Ft
06/08/2018 06/08/18 Price Changed $319,900 -4.5% $118 / Sq Ft
04/25/2018 04/25/18 For Sale $335,000 -- $123 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Derek Sandgren

    Seller's Agent in 2018

    Derek Sandgren

    Valley Fair Realty Corporation

    (530) 844-0505

    10 in this area

    187 Total Sales

    Derek Sandgren
    Section Image
  • Brian Sandgren

    Seller Co-Listing Agent in 2018

    Brian Sandgren

    Valley Fair Realty Corporation

    (530) 300-2420

    8 in this area

    181 Total Sales

    Brian Sandgren
    Section Image
  • Christopher MacPhail

    Buyer's Agent in 2018

    Christopher MacPhail

    3 Point Real Estate & Construction

    (916) 712-1759

    1 in this area

    29 Total Sales

    Christopher MacPhail
    Section Image
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Map

Source: MetroList

MLS Number: 18025972

MetroList
California Butte County Oroville 95965

1547 2nd Ave, Oroville, CA

This home is located at 1547 2nd Ave, Oroville, CA 95965 since 25 April 2018. This property was built in 1959. 1547 2nd Ave is a home located in Butte County with nearby schools including Sierra Avenue Elementary School, Nelson Avenue Middle School, and Oroville High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MetroList IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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