Description
Amazing opportunity for the capital improvement investor. 12 unit complex on 3 separate lots & APN #s (20471,20473, 20475 Quebec St.) Each lot has a 4 plex building. Two of the 4 plex buildings have 2 upstairs 2/1 units and 2 downstairs 2/1 units with 720 sqft. 8 total 2/1 units. 7 of the 8 are rented. The vacant unit has just been remodeled (new kitchen/bath/carpet/paint) awaiting a tenant. The last building (20475) has larger units. Consisting of two types of units. The two end units are 2/1.5 with 1050 sqft and the middle units are 3/1.5 with 1240 sqft. All of these units in 20475 have the kitchen and living area downstairs with bedrooms upstairs. The two units on the left side of 20475 (units #1 & #2) are vacant awaiting updating/remodeling continuation by an investor/buyer.Seller has made many improvements to the complex since buying it 5 years ago and difficulty removing a few long term below market tenants by PM has the owner wanting to sell. Property has tons of potential for increasing rents. Location is very close to the local elementary school and walking distance to store and community pool. Burney Falls State Park is just down the road. Blue ribbon fly fishing rivers (Pit, Hat and Fall) just east of town and Lassen Park is just beyond for to enjoy some the best nature recreation areas California has to offer.
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0BEDS
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01/2 BATHS
School Ratings & Info
Description
Amazing opportunity for the capital improvement investor. 12 unit complex on 3 separate lots & APN #s (20471,20473, 20475 Quebec St.) Each lot has a 4 plex building. Two of the 4 plex buildings have 2 upstairs 2/1 units and 2 downstairs 2/1 units with 720 sqft. 8 total 2/1 units. 7 of the 8 are rented. The vacant unit has just been remodeled (new kitchen/bath/carpet/paint) awaiting a tenant. The last building (20475) has larger units. Consisting of two types of units. The two end units are 2/1.5 with 1050 sqft and the middle units are 3/1.5 with 1240 sqft. All of these units in 20475 have the kitchen and living area downstairs with bedrooms upstairs. The two units on the left side of 20475 (units #1 & #2) are vacant awaiting updating/remodeling continuation by an investor/buyer.Seller has made many improvements to the complex since buying it 5 years ago and difficulty removing a few long term below market tenants by PM has the owner wanting to sell. Property has tons of potential for increasing rents. Location is very close to the local elementary school and walking distance to store and community pool. Burney Falls State Park is just down the road. Blue ribbon fly fishing rivers (Pit, Hat and Fall) just east of town and Lassen Park is just beyond for to enjoy some the best nature recreation areas California has to offer.
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