1776 Daryl Porter Way - Apartments FOR SALE


Oroville, CA 95966
$1,800,000 USD
916-952-0411
1776 Daryl Porter Way, Oroville, CA for Sale
$1,800,000 USD
Apartments - FOR SALE
1/27
null | 7.36% Cap Rate

1776 Daryl Porter Way
Oroville, CA 95966


HIGHLIGHTS

  • Recent full renovation
  • Next-door to an expanding park
  • Gated pool
  • Parking lot
  • Onsite laundry

OVERVIEW

Introducing The Arbors at Hewitt Park, a fully renovated 14-unit apartment complex in the growing Oroville market. This turnkey asset consists of 8 2-bedroom units and 6 1-bedroom units, all 100% occupied and generating $18,400 in gross monthly income ($220,800 annually). The property has undergone a recent, full renovation, offering incoming investors a stabilized, low-maintenance asset with strong in-place cash flow from day one. Positioned at the end of a cul-de-sac, the property features a gated pool, on-site laundry, a recently updated parking lot, and low-maintenance landscaping. Directly adjacent is Hewitt Park, which is currently undergoing a major expansion enhancing the tenant experience, boosting long-term desirability, and adding immediate value-upside to the location. With the expanding location amenities, recent full renovation and excellent current in-place rents, this is a great property for an investor to add to their portfolio for immediate cash-flow and long term potential.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$191 USD /SF

# OF UNITS

14

PRICE/UNIT

$128,571

CAP RATE

7.36%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Arbors at Hewitt Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

14

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

Andrew BoleyeXp Realty of CaliforniaMore Info
916-952-0411

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Andrew BoleyeXp Realty of CaliforniaMore Info
916-952-0411

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