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261 Spruce Street

Gridley, CA 95948
  • $849,000
  • STATUS: Active
  • ON SITE: 63 Days
  • MLS #: 221104834
UPDATED: 31 min ago
$849,000
  • 0
    BEDS
  • 0.26
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1950
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Looking for an investment opportunity with potential to build equity while enjoying positive cashflow? Look no further than this is a 5-unit multi-family property located just off Highway 99! It's in a prime location next to Orchard Hospital, Gridley Medical Center, CVS Pharmacy and the Butte County Library and the zoning is mixed-use so the possibilities are endless. Currently all the units are leased up and one of the downstairs units used to be a floral shop and the large cold storage is still there for future use! Rents are below market and with some minor paint and flooring upgrades to a few of the units, you could increase rents to market value. Bring your offers for this one-of-a-kind investment opportunity!

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© 2021 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2021-10-22T15:39:18.557. MetroList® MLS Terms of Use. IDX provided by BoomTown.
www.heidiphonghomes.com/homes/120651575
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261 Spruce Street Gridley, CA 95948

  • Price: $849,000
  • Status: Active
  • Updated: 31 min ago
  • MLS #: 221104834
0
Beds
0
Baths
0
½ Baths
0.26
Acres
1950
Built
Neighborhood:
12558
County:
Butte
Area:
12558
Elementary School:
Gridley Unified
Middle School:
Gridley Unified
High School:
Gridley Unified
School District:
Butte
Property Description
Looking for an investment opportunity with potential to build equity while enjoying positive cashflow? Look no further than this is a 5-unit multi-family property located just off Highway 99! It's in a prime location next to Orchard Hospital, Gridley Medical Center, CVS Pharmacy and the Butte County Library and the zoning is mixed-use so the possibilities are endless. Currently all the units are leased up and one of the downstairs units used to be a floral shop and the large cold storage is still there for future use! Rents are below market and with some minor paint and flooring upgrades to a few of the units, you could increase rents to market value. Bring your offers for this one-of-a-kind investment opportunity!
Exterior Features

Carport Spaces 0 Construction Materials ConcreteVinyl SidingWood Covered Spaces 0 Foundation Raised Independent Parking Spaces 0 Lot Features Sidewalk Num Of Floors 2 Num Of Guest Spaces 0 Open Parking Spaces 0 Parking Features Off StreetStreetGarage Tandem Parking Spaces 0 Total Parking Spaces 10

Interior Features

Cooling Window Unit(S) Flooring CarpetTileVinylVaries By Unit Heating Varies By Unit Laundry Features Varies By Unit Num Of Rooms 0 Num Of Studio Units 0 Num Of1 Bedroom Units 5 Num Of2 Bedroom Units 0 Num Of3 Bedroom Units 0 Num Of4 Bedroom Units 0 Unit1 Approx Sq Ft 850 Unit1 Bedrooms 1 Unit1 Full Baths 1 Unit1 Partial Baths 0 Unit1 Rent 1020 Unit1 Rooms 4 Unit1 Type Apartment Unit2 Approx Sq Ft 850 Unit2 Bedrooms 1 Unit2 Full Baths 1 Unit2 Partial Baths 0 Unit2 Rent 820 Unit2 Rooms 4 Unit2 Type Apartment Unit3 Approx Sq Ft 850 Unit3 Bedrooms 1 Unit3 Full Baths 1 Unit3 Partial Baths 0 Unit3 Rent 765 Unit3 Rooms 4 Unit3 Type Apartment Unit4 Approx Sq Ft 850 Unit4 Bedrooms 1 Unit4 Full Baths 1 Unit4 Partial Baths 0 Unit4 Rent 765 Unit4 Rooms 4

Property Features

1 Bedroom Annual Occupancy 0 2 Bedroom Annual Occupancy 0 3 Bedroom Annual Occupancy 0 4 Bedroom Annual Occupancy 0 Association Fee 0 Association YN No Elevation 0 Income Includes Rent Only Irrigation None Lease Deposit 0 Num Of Commercial Units 0 Operating Expense Includes TrashMaintenance GroundsWater/SewerOther Property Subtype 5 Or More Units Property Type Residential Income Sewer Public Sewer Special Listing Conditions None Studio Annual Occupancy 0 Subtype Description ApartmentsMixed Use Tenant Pays ElectricityGas Utilities City Water Source Public Zoning Mixed-Use

Listing provided courtesy of Coldwell Banker C & C Properties. Listing information © 2021 MetroList Services, Inc.


© 2021 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2021-10-22T15:39:18.557. MetroList® MLS Terms of Use. IDX provided by BoomTown.
 
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