Active
5638 N Gledhill Avenue
Olivehurst CA, 95961
$1,339,990
Active
Multi-family
Built in 1992
Incredible opportunity to secure a fresh start, with A Performing Asset, featuring 15 units in a shared Community Complex, that is easy on the budget of Tenant(s)***Note: PERMITTED USE CHANGE,I.E.,FROM A CHURCH TO A MULTI-UNIT APT COMPLEX,CERTIFICATE OF OCCUPANCY ISSUED ON OCTOBER 29,2024., Note: Subject Property has Fire Suppression and Fire Alarm Central Systems, coupled with 15 on-site individual Parking Spaces, which include two Disability Parking Spaces. Note:****** According to Seller, Subject Property has 13 Units occupied at this time, i.e., with only 1 vacancy, which is pending an Executed Rental/Lease Agreement and one remaining unit that is in possession of an onsite maintenance person, in exchange for no rent. Furthermore, at this time, only 4 units are Month-To-Month, with the remaining APTS on Minimum 6 Month Leases. GREAT FINANCIAL OPPORTUNITY! Close to shopping, i.e., Wal-Mart, Costco, Restaurants, Fast Food Facilities, Service Stations, etc., coupled with an easy-minutes commute to Marysville & Yuba City. Note: 14 additional Complex Apartment Units are available in Marysville, CA For $735,000.00, reference MLS#224091779, Note: Fantastic Opportunity To Acquire 2 Performing Asset Properties, for a total of 29 units, for only $2,074,990.00 + Closing Costs!
225010075
MLSⓇ ID
January 29, 2025
Listed
February 1, 2025
Updated
Map
5638 N Gledhill Avenue
Olivehurst CA, 95961
Interior Features
Total Stories
1
Laundry Description
Washer Hookup, Common Area
Floor Description
Tile, Laminate, Vinyl
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, None
Heating
Yes
Heating Description
Central, Varies by Unit
Exterior/Building Features
Lot Size
0.4 Acres
Lot Features
Corner Lot
Sewer
Public Sewer
School Information
School District
Marysville Joint
Other Property Details
Garage
Yes
Parking
Attached, Off Street, Open, Detached, On Street
Parking Total
15
View
No
County
Yuba
Water Source
Public
Pool
No
Zoning
R-01
Courtesy of Intrust Properties, Inc., James Burkett,
Listing Contact:
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