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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