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261 Spruce Street

Gridley, CA 95948
  • $849,000
  • STATUS: Active
  • ON SITE: 139 Days
  • ID#: SN21154579
UPDATED: 31 min ago
$849,000
  • 0
    BEDS
  • 0.26
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1950
County:

School Ratings & Info

Listing provided courtesy of Cody Squires of Coldwell Banker C&C Properties

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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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-02T16:31:07.473. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Southwest. Licensed in the State of California, USA.
www.necolrealty.com/homes/119366204
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261 Spruce Street Gridley, CA 95948

  • Price: $849,000
  • Status: Active
  • On Site: 139 Days
  • Updated: 31 min ago
  • ID#: SN21154579
0
Beds
0
Baths
0
½ Baths
0.26
Acres
1950
Built
County:
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

Lot Features Near Public TransitRectangular Lot

Interior Features

Appliances DryerWasher

Property Features

Additional Parcels YN No Common Interest None Gross Scheduled Income 48240 Insurance Expense 1092 Listing Agreement Exclusive Right To Sell Net Operating Income 26719 Number Of Units Leased 5 Operating Expense 21521 Other Expense 1110 Property Sub Type Multi Family Special Listing Conditions StandardTrust Trash Expense 1500 Water Sewer Expense 2400 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-02T16:31:07.473. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Southwest. Licensed in the State of California, USA.
 
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Realty ONE Group Southwest
41463 Margarita Rd. Suite 100
Temecula CA, 92591
Listing provided courtesy of Cody Squires of Coldwell Banker C&C Properties