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Photo of Mobile Home
Photo of Mobile Home
Photo of Mobile Home
Photo of Mobile Home
Photo of Mobile Home
Photo of Mobile Home
Photo of Mobile Home
Photo of Mobile Home
Photo of Mobile Home
Photo of Mobile Home
Photo of Mobile Home
Photo of Mobile Home
Photo of Mobile Home
Photo of Mobile Home
Photo of Mobile Home
Photo of Mobile Home
Photo of Mobile Home
Photo of Mobile Home
Photo of Mobile Home
Photo of Mobile Home
Photo of Mobile Home
Photo of Mobile Home
Photo of Mobile Home
Photo of Mobile Home
Photo of Mobile Home
Photo of Mobile Home
Photo of Mobile Home
Photo of Mobile Home
Photo of Mobile Home

Mobile Home Details

  • Model: 1940
  • Listing ID: 487103
  • Point2 ID: 1198096508
  • Posted On: Dec 3, 2014
  • Updated On: Feb 24, 2015

Description

Call Robert Newton or Jeanne Newton, Newton Realty for details, 530-354-5426. The Hillside Apartment complex consists of 16 units on a total of 7.69 acres and is a rare cash flow opportunity. Beautifully treed property with vistas which is set above the main road adding privacy and security. Property has 11 studio apartments, 4 single family homes, 1 mobile home, shop and laundry building. There are 3 separate parcels: 068-100-002 is 4.69 acres with 6 units. Next, parcel 068-100-002 is 1.5 acres with 3 units. Lastly, 068-100-004 is 1.5 acres with 7 units. Huge demand for these 11 studios, 4 homes, 1 mobile, small shop, and separate laundry buildings. Tenants love living here, with acres of land to walk and play on but still close in. Private, hillside environment with its own charming community feel. According to city of Oroville planning dept., potential for additional units. Zoned MLDR, or medium low density residential which allows 3-6 dwelling units per acre. Buyer to verify, but as it stands, this is a great opportunity for a new or seasoned investor. Located in a rural setting, and yet, within the city of Oroville. This property is serviced by Lopud water district. A money maker, 11% Cap rate!

Brokered And Advertised By: Newton Realty
Listing Agent: Jeanne Newton

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