🏡 4 Unit Rental Property in Heart of Fast Growing Yuba County 🤑

Description

🤑 Rare Multi-Unit On Commercially Zoned Property in The Heart of Yuba County 🏡

Attention real estate investors: Prime opportunity awaits in Marysville, CA! This conveniently located property, just minutes from Costco, Wal-Mart and downtown attractions, promises both comfortable living and lucrative rental potential. This property has HUGE potential for commercial value add given the layout of the existing structure, the land size, and proper zoning.

ASKING PRICE: $429K

Perfect For:
🚪 Buy & Hold Rental / Commercial Development
(Purchase Price) $429K – Estimated Rehab 50k
(Market Rent Rate) $4400/mo ( 1,100 each unit )
Rental Comps:

1485 N Beale Rd, Marysville, CA 95901- $1100/month

5720 Riverside Dr, # 5720B, Olivehurst, CA 95961 – $1350/mo

2671 N Beale Rd, APT 10, Marysville, CA 95901 – $1100/mo

Sold Comps:

1669 Ash Way, Linda, CA 95901 – Sold 440k – 8/2023 (4 units – As-Is condition)

4698 Ardmore Ave, Olivehurst, CA 95961 – Sold 432k – on 7/2023 (4 units – As-Is condition)

1259 Pasado Rd, West Linda, CA 95961 – Sold 380k – On 10/2023 (only 2 units ( duplex ) and on smaller lot.)

Property Overview:
🛏 4 Bedrooms

🛁 4 Bathroom

📏 2,340 sqft

📅 Built in 1961

.64 of an Acre

Zoned – General Commercial

Property Details:
🧱Exterior: Stucco – Needs Paint


🏠Roof: Needs Replacement

🪠Utilities: Tenants pay power, cable, and gas. Owner pays water, sewer, garbage.

🥵Newer furnaces in each unit.

Additional Insights:

🚀 Area: A lot of new and upcoming development in immediate area.

🕒 History: 1 tenant in place for 20+ years. Other is section 8 placed.

🚧 Attention Required: Exterior paint, Roof, 1 vacant unit needs to be finished. ( light rehab, floors, bathroom, paint )

🔄 Vacancy: 2 units currently occupied.

2 units currently vacant.

Rents :

$760 – month to month
$740 – month to month