Commercial Real Estate in Chico, Call 530-896-3126

2737 Gilmore Lane Oroville, CA 95966

$1,500,000 Pending
  • Garage

About the Property

Two words describe this rare investment opportunity- CASH COW. Well maintained apartment complex consisting of 16 single story, two bedroom/one bathroom units (8 duplexes) each with an attached single car garage with washer/dryer hookups spread across 4 parcels totalling about 2 acres. Located behind Oroville Hospital, & accessed by a private road shared with the hospital. Exterior grounds are landscaped with tasteful trees & shrubs utilizing a water conservation plan by way of an automatic drip system, with decorative rock riverbeds throughout, also acting as a drainage system. Perimeter wood fence with masonry stone pillars runs along the back & sides of the complex. The exterior of the buildings have vinyl siding, composition roof, roof mounted security spot lights and locked mailboxes. Each virtually identical unit is about 725 sqft. with an enclosed patio with access from the living room through a sliding glass door, a kitchen with electric appliances (refrigerator, stove/oven & dishwasher), ceiling fans in each room & living area, windows with vertical blinds throughout, gas wall heater & wall A/C. The bathrooms have low flow toilets & either a full sized tiled walk-in shower or tiled tub/shower. Vinyl flooring is in the bathroom and kitchen with carpet throughout the rest of the unit. Twelve of the apartments have been entirely remodeled, with the remaining 4 partially remodeled. This is a one family owned, well run establishment, & a slam dunk investment opportunity.

Property Information

Size 11,520 SqFt
Price/SqFt $130
Year Built 1979
Property Type Multi Family
Listing Number SN20152162
Listed 8/12/2020
Modified 8/17/2020
Listing Agent Alisha Simpkins
Listing Office Keller Williams Realty Chico Area

Property Features

# of Units Total
  • 16
Electric
  • Electricity - On Property
Parking Total
  • 14.00
Roof
  • Composition
Uncovered Spaces
  • 14.00
Water Source
  • Public
Heating
  • Wall Furnace
  • Natural Gas
Utilities
  • Cable Available
  • Cable Connected
  • Electricity Available
  • Electricity Connected
  • Natural Gas Available
  • Natural Gas Connected
  • Phone Available
  • Phone Connected
  • Sewer Available
  • Sewer Connected
  • Underground Utilities
  • Water Available
  • Water Connected
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