The DeLoney Group of Marcus & Millichap has been retained as exclusive agent to offer fee simple interest in Riverside Villas. This attractive 61- unit apartment / SRO community is located in the heart of Oroville, California. The 1958 built property has seen a tremendous amount capital improvements and overall renovations in 2024, distinguishing itself from the bulk of the rental market and providing residents a unique and flexible form of living. The Riverside Villas features a mix of (29) single-room units which are suitable for short-term living and located throughout the second floor of the complex, (29) studio units, (2) larger studio suites, and (1) manager's suite. In addition to renovating units upon resident turnover, other improvements include paint throughout, a freshly paved parking lot, newly constructed dog park, and a picnic area for residents to enjoy, This property is well located just minutes off HWY-99 and half-way between Yuba City and Chico, two markets which have seen large population growth in the last 5 years. This offering is a unique opportunity to purchase a renovated and cash flowing asset, with the ability to add value through concentrated management and removing the STR regulatory agreement currently set on the property. All tours must be scheduled through listing agents. Please do not disturb residents or management.