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28881509
28881510

1636 Pine, Oroville, CA 95965 For Sale

$375,000
223 days on market
Updated 56 days ago
Opportunity zone

1636 Pine

Details
APN 012144016000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,370
Units 3
Cap Rate 6.31%
NOI $23,679
Price per SqFt $158
Year Built 1900
Buildings 1
Stories 2
Acreage 0.130
Zoning Assessor

This adorable triplex is full of character and perfectly situated just moments from the charming dow

Marketing description

This adorable triplex is full of character and perfectly situated just moments from the charming downtown Oroville. With three well-maintained units, it offers an excellent investment opportunity. Unit one is a cozy 1-bedroom, 1-bath home with its own private backyard. Unit two is a spacious 2-bedroom, 1-bath unit that also enjoys a private backyard, along with convenient in-unit washer and dryer hookups. The third unit is located upstairs and is the largest of the three, offering a roomy 2-bedroom, 1-bath layout. In 2010, the property received several key updates including new windows, updated flooring, fresh paint, and a full re-roof. Each unit has its own separate electrical and gas meter, with a shared water meter. Throughout the property, youll find charming details such as wood floors in the living areas, beautifully wood-cased windows and doors, and white kitchen cabinets. This is an incredibly cute triplex with so much charactertruly a wonderful opportunity for any investor.
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$23,679.00
$1,973.25/mo

Valuation Metrics

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DSCR
6.31%
Cap Rate
6.31%
ROI

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