2262 Hewitt Avenue, Oroville, CA 95966

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List Price
$309,000
Price Change
▼ $10,000 1787807581
Status
PENDING
MLS#
OR26103047
Year Built
1961
Lot Size
6,098
Acres
0.14
Lot Location
Level, Rectangular Lot, Street Level, Trees
Days on Market
112
Property Type
Multifamily
Property Sub Type
Duplex
Stories
One Level

Property Description

**Two Great Homes on One Lot with Strong Income Potential!** Excellent investment opportunity featuring two separate homes on one lot, each offering privacy, dedicated outdoor space, and established rental income. The **main home** offers 3 bedrooms, 2 bathrooms, and approximately 1,118 sq ft of comfortable living space. Features include central heating and air, an attached garage, a private yard, and a spacious primary suite. The home was remodeled prior to the current tenant moving in and has been well maintained. The current tenant recently passed the one-year mark and has just re-signed for another **one-year lease** at **$1,650 per month**. Tucked privately behind the main residence, the **second home** enjoys its own alley access and feels completely separate from the front property. This approximately 900 sq ft home features 1 bedroom, 1 bathroom, plus a den, along with its own private yard. The rear home was just fully remodeled and now has a new tenant in place on a one-year lease at **$1,400 per month**. Additional improvements include a newer mini-split heating and cooling system and a newer roof. Both homes feature their **own laundry facilities**, adding convenience for tenants. Even better, each unit has **separate water and power meters**, and tenants pay all utilities, including trash. This helps keep ownership expenses low and makes the property an especially attractive, investor-friendly opportunity. The seller has maintained the property to the best of their ability and has invested **thousands of dollars over the past several years** to improve the overall condition, functionality, and appeal of both homes. Conveniently located just a short walk from the bus station and directly across from **Raley’s Shopping Center**, the property offers easy access to shopping, transportation, and everyday amenities. With two separate residences, established rental income, individually metered utilities, private yards, and numerous recent improvements, this is an excellent opportunity for investors looking to add a versatile income-producing property to their portfolio. **Please Note:** Interested prospects are to provide verification of qualifications and submit an offer subject to interior inspections prior to viewing. This requirement is intended to minimize unnecessary disturbance to the existing tenants. Expenses shown in MLS are general estimates.

Additional Information

Other Buildings
Two On A Lot
Pool Description
None
Heat
Central, Ductless
Cooling
Yes
Cooling Description
Central Air, Ductless
Roof
Composition
Garage Spaces Total
1
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
2
Gross Scheduled Income
$36,600
Operating Expense
2100

Listing courtesy of Listing Agent: Mario Gattavara (marioisrealestate@yahoo.com) from Listing Office: 100 for 100 Realty.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.