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    71 Mono St

    Oroville, CA 95965
    • $1,000,000
    • STATUS: Active
    • ON SITE: 91 days
    • ID#: 20-568354
    UPDATED: 23 min ago
    $1,000,000
    • 24
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,640
      SQFT
    • $116
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    71 & 83 Mono St TWO APNS. 1 Vacant unit, will be rented for $800 before new owner takes over, then Gross income will be $104,952 Per year. Also all units will be up with 8% increase to $800 or more, so projected income of all at $800 is very conservative, 12 x 800 = $9600 or $115,200 a year. Current Property Manager managed since 2014, took over with 5 Vacancies and know this property and tenants well. Strong Property manager is the key to maintaining a good investment. 5 of the 12 units are on Section 8 so most of the rent is paid by the government, housing office. Very good property with a long term growth, also rent prices are going up as there is a shortage of good managed units. 6 detached buildings 1 building for 2 units, each 2br 1 bath

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-02T11:42:27.833. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/104743682
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    71 Mono St Oroville, CA 95965

    • Price: $1,000,000
    • Status: Active
    • Updated: 23 min ago
    • ID#: 20-568354
    24
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    8,640
    SQFT
    $116
    $/SQFT
    Neighborhood:
    Butts Canyon Road
    County:
    Butte
    Area:
    Butts Canyon Road
    Property Description
    71 & 83 Mono St TWO APNS. 1 Vacant unit, will be rented for $800 before new owner takes over, then Gross income will be $104,952 Per year. Also all units will be up with 8% increase to $800 or more, so projected income of all at $800 is very conservative, 12 x 800 = $9600 or $115,200 a year. Current Property Manager managed since 2014, took over with 5 Vacancies and know this property and tenants well. Strong Property manager is the key to maintaining a good investment. 5 of the 12 units are on Section 8 so most of the rent is paid by the government, housing office. Very good property with a long term growth, also rent prices are going up as there is a shortage of good managed units. 6 detached buildings 1 building for 2 units, each 2br 1 bath
    Exterior Features

    Lot Size Area 49223 Other Structures None Parking Garage Driveway - Pavers Pool YN No Tennis YN No Total Parking 12

    Interior Features

    Baths Total 12.00 Cooling Air Conditioning Den No Dining Room No Equipment Range/Oven Family Room No Heating Central

    Property Features

    Gross Income 95352 Gross Operating Income 95352 Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 4 Like Units5 5 Like Units6 6 Net Operating Income 61912.00 Number Of Buildings 6 Number Of Units 12 Sale Type Standard Source Living Area Owner Source Lot Size Area Owner Total Annual Expense 33440 Type Of Units 2 Bed Room

    Listing provided courtesy of Jason Hurst DRE#02067523 of Egl Properties Incorporated.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-02T11:42:27.833. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355