1983 10th St, Oroville, CA 95965

Property Description

Unique rare 4 unit income property "OWNER FINANCE" ownership opportunity! If you are an investor or someone looking to do some residential income property investing but do not want to deal with a bank, this could be the place to consider. Lets face it... this property is not an immaculate beauty, but the potential is here. Tenants could use a good reprimanding to clean up debris and junk scattered around on property. A new owner could be just what this property needs to clean this place up. Tenants range from three at over 10+ years occupancy terms and 1 at around 5+ year occupancy term according to owner. Rents have remained the same for a long time & are obviously way under market for the area. Seller never raised the rents to appeal to tenants. Upside income potential for future increases as allowed by law. Units consist of a 1/1 home renting at $550 per month. A 2/1 manufactured home at $575 per month. A 2/1 manufactured home at $550 per month. As well as a 2/1 home renting at $600 per month. Separate PGE meters. Seller pays water/trash. Units appear to have fenced off yard areas. Seller prefers & would like to carry a first note with reasonable down payment on easy terms. Ask your realtor for specifics located under agent remarks in Multiple Listing. Units will not be shown unless buyer submits an offer with proof of qualifications, verification of decent credit with offer subject to interior inspections. Income/Expense details are rough estimates only.