Address
261 Spruce Street Gridley, CA
Price
$ 849,000
Property Attributes
  • MLS#SN21158700
  • TypeIncome
  • CountyBUTTE
  • CityGridley
  • Zip95948
  • Style
  • Price$ 849,000
  • Bedrooms5
  • Full Bathrooms5
  • Half Bathrooms0
  • Sqr Footage4314
  • Lot Size11,326 SqFt
Listing Provided Courtesy Of:
Cody Squires with Coldwell Banker C&C Properties - 5307127747
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

Looking for an investment opportunity with potential to build equity while enjoying positive cashflow? Look no further than this is a 5-unit multi-family property located just off Highway 99! It's in a prime location next to Orchard Hospital, Gridley Medical Center, CVS Pharmacy and the Butte County Library and the zoning is mixed-use so the possibilities are endless. Currently all the units are leased up and one of the downstairs units used to be a floral shop and the large cold storage is still there for future use! Rents are below market and with some minor paint and flooring upgrades to a few of the units, you could increase rents to market value. Bring your offers for this one-of-a-kind investment opportunity!

Price History
7/20/2021 Listed $950,000
9/8/2021 11% - $849,000

General Features

Appliances Dryer, Washer
Community Features Sidewalks
Garage Spaces 2
Garage Y/N Yes
Listing Agent Cody Squires - BRE#02079248
Listing Agent State License 02079248
Lot Size Square Feet 11326
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Senior Community Y/N No
Sewer Public Sewer
Special Listing Conditions Standard, Trust
Status Active
Terms Cash, Cash to New Loan, Conventional
Total Units 5
Water Sewer Expense 2400
Zoning RETAIL

Interior Features

Common Walls 1 Common Wall

Exterior Features

Lot Features Near Public Transit, Rectangular Lot
Lot Size Acres 0.26
Lot Size Area 11326
Lot Size Source Assessor
Lot Size Units Square Feet
Number of Buildings 3
Number of Separate Electric Meters 5
Number of Separate Gas Meters 5
Number of Separate Water Meters 1
Total Parking 9
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 95948

Price
AVG $1,000K
$850K
Visits
AVG 72
119
Year Built
AVG 1951
1950
Walkscore
AVG 61
71
Data Provided by Walkscore ® not using MLS data

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