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1199 Melton Drive Yuba City, CA 95991
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Key Details
Sold Price $807,500
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OR22155732
Bedrooms 8
Property Sub-Type Res Income 2-4 Units
Property Description
1199 Melton Drive offers a truly unique opportunity to purchase a stable asset with a true value-add component without any major on capital projects. Furthermore, Yuba and Sutter counties are expected to see a huge surge in apartment demand while experiencing virtually zero new housing construction. The property offers a unique value -add opportunity that's been proven by ownership in one of California's hottest growth markets. Roughly 40 percent of the unit interiors have been upgraded in the last couple of years. The next owner can follow the proven renovation spec and recapture more than 18 percent loss to lease on the July 2022 rent roll.
Location
State CA
County Sutter
Zoning Assessor
Interior
Cooling Central Forced Air
Exterior
Utilities Available Septic Installed
View Y/N No
Building
Story 2
Others
Acceptable Financing Conventional
Listing Terms Conventional
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Bought with Shan Wedgwood Marcus & Millichap
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