$625,000
$650,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
0.45 Acres Lot
SOLD DATE : 12/29/2021
Key Details
Sold Price $625,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 221086944
Sold Date 12/29/21
HOA Y/N No
Originating Board MLS Metrolist
Lot Size 0.450 Acres
Acres 0.45
Lot Dimensions 125X160X125X160
Property Sub-Type Quadruplex
Property Description
Substantially updated 2 houses and 1duplex on 1 lot.The property also features a detached shared outbuilding/garage for the rear duplex. All interiors have been recently renovated. The Duplex units have big private backyards. Each duplex unit is 2 bedrooms and 1 bathroom. The two front houses share a large back yard. The front houses are A 3 bedroom, 1 bath and a 1 bedroom, 1 bathroom. The owner has just installed a new septic system. The utilities on this property are substantially lower than normal since the tenants pay for garbage and the septic system maintenance is substantially less than properties on City sewer. Sutter is just a few minutes' drive from the booming towns of Yuba City and Marysville and about an hour from Sacramento. Affordable housing is always in short supply in the area. Monthly income is $4,000 a month with a estimated cap rate of 5.25% See attachments for extensive list of extensive recent repairs and rent analysis.
Location
State CA
County Sutter
Area 12402
Direction From Yuba City HWY 20 turn right onto W 10th Street, Turn Right onto Butte House Road. Take Butte House Road for 6.9 miles and then turn left onto California.
Interior
Interior Features Storage Area(s)
Heating Central
Cooling Central
Flooring Tile, Vinyl, Varies by Unit
Window Features Dual Pane Full,Window Coverings,Window Screens
Appliance Built-In Electric Range, Free Standing Refrigerator, Varies By Unit
Laundry In Common Area, In Each Unit, Varies by Unit
Exterior
Exterior Feature Fenced Yard
Parking Features Off Street, Varies by Unit
Utilities Available City
Water Access Desc Private
View City, Hills, Mountains
Roof Type Composition
Topography Level
Total Parking Spaces 10
Building
Lot Description Shape Regular
Story 1
Foundation Combination, Raised
Sewer Septic System
Water Private
Architectural Style Ranch, Contemporary
Level or Stories One
Schools
Elementary Schools Brittain Elementary
Middle Schools Brittain Elementary
High Schools Sutter Union High
School District Sutter
Others
Senior Community No
Tax ID 14-081-035
Special Listing Condition None
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