1816 Hile Ave - Apartments FOR SALE


Marysville, CA 95901
$2,200,000 USD
925-588-6402
1816 Hile Ave, Marysville, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/22
null | 8.18% Cap Rate

1816 Hile Ave
Marysville, CA 95901


HIGHLIGHTS

  • Great Unit Mix; (17) 2-bedroom, 1-bathroom units and (1) 3-bedroom, 1-bathroom unit
  • Each unit is separately metered for electricity and gas, reducing owner expenses
  • Brand new roof recently installed, ensuring low maintenance and long-term durability
  • Upgraded Plumbing throughout the building
  • One of the few multifamily properties in Marysville, making it a rare investment opportunity
  • Turn-key condition, ideal for investors seeking immediate returns without significant renovation costs

OVERVIEW

Presenting an exceptional investment opportunity in Marysville, California, this 18-unit multifamily property consists of (17) spacious two-bedroom, one-bath units and (1) three-bedroom, one-bath unit. The community is in excellent condition and has recently benefited from significant upgrades, including a brand-new roof and energy-efficient double-pane windows, reducing operating costs while enhancing tenant comfort. The property generates strong cash flow, making it an attractive addition to any portfolio. Well-maintained and positioned for long-term growth, this property represents a rare opportunity to acquire a high-performing multifamily asset in a market with strong fundamentals and limited competing supply. The property is located in Marysville, California, a growing community in Northern California known for its small-town character. Positioned near major highways and transportation routes, the location provides tenants with seamless connectivity to Yuba City, Sacramento, and other surrounding areas, making it an ideal choice for commuters. Set within a quiet residential neighborhood, the property is surrounded by essential amenities including schools, parks, shopping centers, and dining establishments. Residents also benefit from close proximity to recreational attractions such as Ellis Lake and the Feather River, offering opportunities for outdoor activities and leisure. The town of Marysville continues to attract residents seeking affordability and quality of life. This makes the property’s location highly desirable for tenants and a strong foundation for long-term investment stability.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$163 USD /SF

# OF UNITS

18

PRICE/UNIT

$122,222

CAP RATE

8.18%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

63,162 SF

ZONING

R-02

APN/PARCEL ID

021-052-026-000

ASK ABOUT THIS PROPERTY

Monjid AldiyyatBerkshire Hathaway HomeServices Drysdale PropertiesMore Info
925-588-6402

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Monjid AldiyyatBerkshire Hathaway HomeServices Drysdale PropertiesMore Info
925-588-6402

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