$299,000
Pending

1234 Middlehoff Lane

Oroville, CA 95965
1.18 acres | #OR24106359
Listing OfficeCentury 21 Select Real Estate Inc
Browse 20 photos
Type:Multi-Family
Structure:2 Family
Zone:Residential

Description

**Amazing Investment Opportunity: Multi Unit on Sprawling Corner Lot!**
Unlock the potential of this lucrative income-producing property nestled in a prime location just minutes from downtown Oroville. Situated on a generous 1.18-acre corner-lot along Middlehoff Lane, this hidden gem offers a perfect blend of convenience, tranquility and investment opportunity

**Prime Location**
Tucked away in a secluded wooded area just west of the river, yet only a stone's throw from Oroville's bustling downtown, this property offers the best of both worlds. With easy access to amenities, it's an ideal location for tenants seeking both comfort and convenience.

**Duplex Units**
The front duplex units, each with its own carport and storage, exude rustic charm with rising, exposed-beam ceilings and wooden built-ins. Boasting identical layouts of 1 bed/1 bath, these units offer comfortable living spaces with the added convenience of individual, brand new electric meters. Each unit has its own electric and Gas meters. There is a seperate large building across the large backyard which houses a shared laundry facility, 2 car garage and a large, climate-controlled indoor storage area. This building is also on its own electric meter. Historically, tenants have paid their own unit's power/gas and the landlord has paid the laundry power bill from the third meter.


**Expansive Grounds**
Spanning 1.18 acres and fully fenced, the property offers abundant outdoor space for recreation and relaxation. Mature trees dot the landscape, complemented by lush grassy expanses and even a flourishing grapevine, creating a picturesque setting for residents to enjoy.

**Investment Potential**
With one unit already occupied, this property presents an immediate income stream for savvy investors an the second unit is ready for an owner or tenant to move right in. Whether you're looking to generate rental income or offset mortgage payments, the possibilities are endless with this versatile investment opportunity.

Don't miss out on this fantastic opportunity to own a multifaceted income property in a highly sought-after location. Schedule your showing today and unlock the full potential of this hidden gem on Middlehoff Lane!

  • Interior Details
      • InteriorBeamedCeilings, BuiltinFeatures, CeilingFans, HighCeilings, Storage, WoodProductWalls, AllBedroomsDown, BedroomonMainLevel
  • Property Details
      • Lot DescriptionItem25UnitsAcre, BackYard, CornerLot, StreetLevel
      • ViewMountains
      • Exterior MaterialsAwnings
      • Stories1
    • Measurements
      • Acres1.18
    • Parking
      • Parking Spaces2
  • Construction Details
      • Property TypeMulti-Family
    • Condition
      • Year Built1957
  • Utilities / Energy Details
      • Sewer InformationPublicSewer
      • Utility SourcePublic
  • Community and Neighborhood Details
      • CountyButte
  • Financial Details
      • Original List Price$299,000
  • Other
      • MLS #OR24106359

Location

Marylin PaulReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00