2262 Hewitt Ave, Oroville, CA 95966

Property Description

BACK ON MARKET OCT 22, buyers loan failed. No fault of property itself. **Two Great Homes on One Lot with Strong Income Potential!** Excellent investment opportunity featuring two separate homes on one lot, each offering privacy, dedicated outdoor space, and established rental income. The **main home** offers 3 bedrooms, 2 bathrooms, and approximately 1,118 sq ft of comfortable living space. Features include central heating and air, an attached garage, a private yard, and a spacious primary suite. The home was remodeled prior to the current tenant moving in and has been well maintained. The current tenant recently passed the one-year mark and has just re-signed for another **one-year lease** at **$1,650 per month**. Tucked privately behind the main residence, the **second home** enjoys its own alley access and feels completely separate from the front property. This approximately 900 sq ft home features 1 bedroom, 1 bathroom, plus a den, along with its own private yard. The rear home was just fully remodeled and now has a new tenant in place on a one-year lease at **$1,400 per month**. Additional improvements include a newer mini-split heating and cooling system and a newer roof. Both homes feature their **own laundry facilities**, adding convenience for tenants. Even better, each unit has **separate water and power meters**, and tenants pay all utilities, including trash. This helps keep ownership expenses low and makes the property an especially attractive, investor-friendly opportunity. The seller has maintained the property to the best of their ability and has invested **thousands of dollars over the past several years** to improve the overall condition, functionality, and appeal of both homes. Conveniently located just a short walk from the bus station and directly across from **Raley’s Shopping Center**, the property offers easy access to shopping, transportation, and everyday amenities. With two separate residences, established rental income, individually metered utilities, private yards, and numerous recent improvements, this is an excellent opportunity for investors looking to add a versatile income-producing property to their portfolio. **Please Note:** Interested prospects are to provide verification of qualifications and submit an offer subject to interior inspections prior to viewing. This requirement is intended to minimize unnecessary disturbance to the existing tenants. Expenses shown in MLS are general estimates.