Property Attributes
- MLS#114635
- TypeMulti-Family
- CountySISKIYOU
- CityOut of Area
- AreaOut of Area
- Zip96013
- StyleClassic
- Price$ 559,000
- Bedrooms11
- Full Bathrooms6
- Half Bathrooms1
- Sqr Footage10400
- Lot Size0.7 Acres
Listing Provided Courtesy Of:
Elite Real Estate Group
Property Description
Passive Income Potential! Own this collection of three 4plexes in the heart of Burney, CA, a peaceful mountain-town of 3,000+ people known for its natural beauty, outdoor activities, and stable local economy. Affordable housing in California is scarce, and here you could provide this product while making more than 10% ROI. Don’t accept cap rates under 5%! Dollar General and Grocery Outlet didn’t decide to move into this town without stable reasons. Factors in this town include the Pit River Casino, Sierra Pacific Mill, US Forest Service operations, Shasta Community College remote campus, a hospital 15 minutes away, and an affordable ski park 45 minutes away. Of the 12 units for sale at $46,500, 8 are 750sqft 2bd/1bth apartments, 2 are 1000sqft 2bd/2bth town homes, and 2 are 1200sqft 3bd/2bth town homes. The property is primed for a re-positioning, with a new professional property management company newly on board. With only 7 units currently rented, Gross Income is $4,510/month. A basic maintenance update and some remodeling places scheduled monthly income between $7800 and $9400. Call for more information and repair quotes.
| Price History | |
|---|---|
| 11/6/2019 | Listed $559,000 |
General Features
| Class | INCOME PROPERTY |
| Listing Area | Out of Area |
| Number of Units | 12 |
| REO | No |
| Short Sale | No |
| Showing Instructions | 24 Hr Notice |
| Status | ACTIVE |
| Status | Active |
| Stories | Two |
| Style | Classic |
| Type | Residential |
| Waterfront | None |
| Year Built | 1979 |
| Zoning | R2 |
Interior Features
| Appliances | Dryer, Oven, Refrigerator, Washer |
| Cooling | Evaporative Cooler |
| Heating | Propane Wall, Other/See Remarks |
| Heating | Propane Wall |
| Laundry | In Kitchen |
| Utilities | Cable, Cell Service, Electricity, Satelite, Other/See Remarks |
Exterior Features
| Driveway | Paved |
| Exterior | Wood Siding |
| Fencing | Wood |
| Foundation/basement | Slab |
| Garage | None |
| Garage Capacity | None |
| Lot Dimensions | 200' X 154' |
| Lot Size Area | 0.7 |
| Parking Spaces | 21-40 |
| Roof | Composition |
| Sewage | Sewer |
| Topography | Flat |
| Trees | Yes |
| View | Trees |
| Water | City |
| Water | City |
| Within City Limits Y/n | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
The data relating to real estate for sale on this web site comes in whole or in part from the SISKIYOU Internet Data Exchange program of the Siskiyou Multiple Listing Service. Information being provided is for consumer's person, ie, non-commercial use and may NOT be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information provided in these real estate listings has been assembled from various sources of varying degrees of reliability.
