Address
261 Spruce St Gridley, CA
Price
$ 849,000
Property Attributes
  • MLS#221104834
  • TypeIncome
  • CountyBUTTE
  • CityGridley
  • Area12558
  • Zip95948
  • Style
  • Price$ 849,000
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
  • Lot Size11,326 SqFt
Listing Provided Courtesy Of:
Cody Squires CalBRE# - 02079248 with Coldwell Banker C & C Properties
Data Source:
MetroList - 47 -CA
Property Description

Looking for an investment opportunity with potential to build equity while enjoying positive cashflow? Look no further than this is a 5-unit multi-family property located just off Highway 99! It's in a prime location next to Orchard Hospital, Gridley Medical Center, CVS Pharmacy and the Butte County Library and the zoning is mixed-use so the possibilities are endless. Currently all the units are leased up and one of the downstairs units used to be a floral shop and the large cold storage is still there for future use! Rents are below market and with some minor paint and flooring upgrades to a few of the units, you could increase rents to market value. Bring your offers for this one-of-a-kind investment opportunity!

Price History
8/20/2021 Listed $950,000
9/8/2021 11% - $849,000

General Features

Association Y/N No
Construction Materials Concrete, Vinyl Siding, Wood
Cooling Window Unit(s)
Elementary School District Gridley Unified
Flooring Carpet, Tile, Vinyl, Varies by Unit
Garage Spaces 2
Heating Varies by Unit
High School District Gridley Unified
Lot Size Square Feet 11326
MLS Area 12558
Property SubType 5 or More Units
Property Type Residential Income
School District (county) Butte
Sewer Public Sewer
Status Active
Subtype Description Apartments, Mixed Use
Total Units 5
Zoning Description mixed-use

Interior Features

Laundry Features Varies by Unit
Total Stories 2
Unit 1 # Of Rooms 4
Unit 1 Approx Sqft 850
Unit 1 Bedroom Units Total 5
Unit 1 Bedrooms 1
Unit 1 Full Baths 1
Unit 1 Rent 1020
Unit 1 Sqft Source Not Measured
Unit 1 Type Apartment
Unit 2 # Of Rooms 4
Unit 2 Approx Sqft 850
Unit 2 Bedrooms 1
Unit 2 Full Baths 1
Unit 2 Sqft Source Not Measured
Unit 2 Type Apartment
Unit 3 # Of Rooms 4
Unit 3 Approx Sqft 850
Unit 3 Bedrooms 1
Unit 3 Full Baths 1
Unit 3 Type Apartment
Unit 4 # Of Rooms 4
Unit 4 Approx Sqft 850
Unit 4 Bedrooms 1
Unit 4 Full Baths 1
Unit 4 Sqft Source Not Measured
Unit 4 Type Apartment

Exterior Features

Foundation Details Raised
Lot Features Sidewalk
Lot Size Acres 0.2600
Lot Size Source Assessor Auto-Fill
Number of Buildings 3
Parking Features Off Street, Street, Garage
Total Parking 10
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 95948

Price
AVG $850K
$850K
Visits
AVG 76
75
Year Built
AVG 1951
1950

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