1776 Daryl Porter Way - Apartments FOR SALE


Oroville, CA 95966
$1,750,000 USD
916-835-8844
1776 Daryl Porter Way, Oroville, CA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/13
null | 7% Cap Rate

1776 Daryl Porter Way
Oroville, CA 95966


OVERVIEW

Walker & Dunlop, as the exclusive advisor, is pleased to present the opportunity to acquire The Arbors @ Hewitt Park, a 14-unit rental apartment community in Oroville, CA. The property consists of six 1-bedroom and eight 2-bedroom units that have been fully renovated. The current owner has spent over $200,000 in capital improvements: $20k demo costs $26k windows $43k flooring $4,200 interior fixtures $8k railing repair $10k parking lot repaving & paint $30k new siding $20k exterior paint $28k interior paint $8k stucco repair $2k pool restoration $3k cleaning $6k landscaping $8k plumbing $4k miscellaneous The property is at the end of a cul-de-sac, adjacent to Hewitt Park, and boasts a pool. Please contact listing agent for tour inquiries and offering memorandum.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$186 USD /SF

# OF UNITS

14

PRICE/UNIT

$125,000

CAP RATE

7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Arbors @ Hewitt Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

RP

APN/PARCEL ID

012-160-058-000

ASK ABOUT THIS PROPERTY

Marc AndenmattenWalker & Dunlop, Inc.More Info
916-835-8844

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Marc AndenmattenWalker & Dunlop, Inc.More Info
916-835-8844

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.