$299,000
Pending
38 Days Online
0 Beds0 Baths1,312 SQFT
Pending

& 1238 Middlehoff Lane Oroville, CA 95965

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**Amazing Investment Opportunity: Multi Unit on Sprawling Corner Lot!** Unlock the potential of this lucrative income-producing property nestled in a prime location just minutes from downtown Oroville. Situated on a generous 1.18-acre corner-lot along Middlehoff Lane, this hidden gem offers a perfect blend of convenience, tranquility and investment opportunity **Prime Location** Tucked away in a secluded wooded area just west of the river, yet only a stone's throw from Oroville's bustling downtown, this property offers the best of both worlds. With easy access to amenities, it's an ideal location for tenants seeking both comfort and convenience. **Duplex Units** The front duplex units, each with its own carport and storage, exude rustic charm with rising, exposed-beam ceilings and wooden built-ins. Boasting identical layouts of 1 bed/1 bath, these units offer comfortable living spaces with the added convenience of individual, brand new electric meters. Each unit has its own electric and Gas meters. There is a seperate large building across the large backyard which houses a shared laundry facility, 2 car garage and a large, climate-controlled indoor storage area. This building is also on its own electric meter. Historically, tenants have paid their own unit's power/gas and the landlord has paid the laundry power bill from the third meter. **Expansive Grounds** Spanning 1.18 acres and fully fenced, the property offers abundant outdoor space for recreation and relaxation. Mature trees dot the landscape, complemented by lush grassy expanses and even a flourishing grapevine, creating a picturesque setting for residents to enjoy. **Investment Potential** With one unit already occupied, this property presents an immediate income stream for savvy investors an the second unit is ready for an owner or tenant to move right in. Whether you're looking to generate rental income or offset mortgage payments, the possibilities are endless with this versatile investment opportunity. Don't miss out on this fantastic opportunity to own a multifaceted income property in a highly sought-after location. Schedule your showing today and unlock the full potential of this hidden gem on Middlehoff Lane!

  • Property TypeMulti-Family
  • NeighborhoodN/A
  • CountyButte
  • Taxes$0
  • HOA/Condo/Coop Fees$0
  • Days on Site38 Days
  • MLS StatusPending
  • MLS ID NumberOR24106359
  • Home Size Source N/A
  • Year Built1957
  • Lot Size1.18 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Construction Cedar
  • Parking AssignedBuilt- In StorageAttached CarportGarage - Two Door
  • Parking Spaces 4
  • Sewer Public Sewer
  • Electric 220 Volts in Laundry
  • Number of Stories 11
  • Acreage 1.18
  • Water Public
  • Security Carbon Monoxide Detector(s)Smoke Detector(s)
  • Property Sub Type Duplex
  • Garage Spaces 2
  • Zoning AR
  • Listing Conditions Standard

Interior Features

  • Cooling Evaporative Cooling
  • Heating Electric
  • Appliances Electric Water HeaterGas RangeHigh Efficiency Water HeaterRefrigerator
  • Flooring LaminateVinyl
  • Interior Beamed CeilingsBuilt-in FeaturesCeiling Fan(s)High CeilingsStorageWood Product Walls
  • Fireplace Features None
  • Laundry Features Common AreaDryer IncludedElectric Dryer HookupWasher HookupWasher Included
  • Fireplace No

Exterior Features

  • Roof Composition
  • View Mountain(s)
  • Spa No
  • Pool Features None
  • Spa Features None
  • Exterior Awning(s)
  • Lot 2-5 Units/ AcreBack YardCorner LotLevel with Street
  • Road Frontage City Street
  • Other Structures Second GarageShed(s)

Community Features

  • Association Dues 0
  • Community Features BikingDog ParkFishingGolfHikingHorse TrailsWatersports
  • Senior Community No
  • Security Features Carbon Monoxide Detector(s)Smoke Detector(s)

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Monthly Payment (Est.)

$1,446
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