1776 Daryl Porter WAY Active Save Request In-Person Tour Request Virtual Tour
Oroville,CA 95966
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 9,412 sqft
Price per Sqft $191
MLS Listing ID 225142346
HOA Y/N No
Year Built 1961
Lot Size 0.340 Acres
Acres 0.34
Property Sub-Type 5 or More Units
Source MLS Metrolist
Property Description
Introducing The Arbors at Hewitt Park, a fully renovated 14-unit apartment complex in the growing Oroville market. This turnkey asset consists of 8 2-bedroom units and 6 1-bedroom units, all 100% occupied and generating $18,400 in gross monthly income ($220,800 annually). The property has undergone a recent, full renovation, offering incoming investors a stabilized, low-maintenance asset with strong in-place cash flow from day one. Positioned at the end of a cul-de-sac, the property features a gated pool, on-site laundry, a recently updated parking lot, and low-maintenance landscaping. Directly adjacent is Hewitt Park, which is currently undergoing a major expansion enhancing the tenant experience, boosting long-term desirability, and adding immediate value-upside to the location. With the expanding location amenities, recent full renovation and excellent current in-place rents, this is a great property for an investor to add to their portfolio for immediate cash-flow and long term potential.
Location
State CA
County Butte
Area 12567
Direction From Montgomery Street, turn right onto Myers St, turn left onto Baldwin Ave, turn right onto Daryl Porter Way.
Interior
Heating Wall Furnace
Cooling Ceiling Fan(s),Wall Unit(s),Window Unit(s)
Flooring Carpet,Vinyl
Window Features Dual Pane Partial
Laundry Washer/Dryer Leased,In Common Area
Exterior
Parking Features Off Street,Street
Utilities Available Other
Water Access Desc Public
View Park
Topography Level
Total Parking Spaces 14
Building
Lot Description Cul-De-Sac,Sidewalk,Landscape Back,Landscape Front,Other
Story 2
Foundation Concrete
Sewer Public Sewer
Water Public
Schools
Elementary Schools Oroville City
Middle Schools Oroville City
High Schools Oroville Union
School District Butte
Others
Senior Community No
Tax ID 012-160-058-000
Special Listing Condition None