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Gatehouse Properties

info@gatehouseproperties.com +1(714) 743-9882

$ 215,000

Est. payment | -/mo

3 Beds

2 Baths

900 SqFt

Save

$ 215,000

Est. payment | -/mo

Save

3 Beds

2 Baths

900 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 900 sqft

Price per Sqft $238

MLS Listing ID OR26122626

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1947

Lot Size 0.260 Acres

Property Sub-Type Single Family Residence

Property Description

Rental Investment Opportunity in Thermalito! Located in the desirable Thermalito area of Oroville and nearly backing up to Sierra Avenue Elementary School, this property offers a convenient location just minutes from town. Situated on approximately 0.26+/- acres, just over a quarter acre, the property enjoys a setting where neighboring homes have a bit of space between them, providing a more open feel than many in-town locations. Outdoor enthusiasts will appreciate the close proximity to the Feather River, Oroville Forebay, Afterbay, and Lake Oroville, providing abundant recreational opportunities nearby. The property is fully fenced with gated chain-link frontage and features a spacious yard with lawn areas extending from the front to the rear fence line, complemented by select shrubs and mature trees. Extensively freshened up around 2019, including the installation of a newer roof, this home offers a practical and functional layout featuring 3 bedrooms, 2 bathrooms, an indoor laundry room, a covered front porch with lattice accents, and a side carport for vehicle or recreational toy storage. The generous side yard offers potential space for a future shop, storage building, or additional improvements, subject to buyer verification and local requirements. Currently tenant occupied, the property has housed the same tenant for over a year and is currently on a month-to-month rental agreement. Tenant currently pays $1,300 per month and covers all utilities, with rent considered slightly below current market rates, creating an attractive opportunity for investors seeking immediate income with future upside potential. Seller is offering this property as a rental investment opportunity and has no intention of delivering the property vacant. Buyer to assume tenancy subject to applicable laws and regulations. If you would desire to live here, you will be responsible for vacating tenant after close. IMPORTANT NOTE: Showing Requirements. No showings will be permitted without prior verification of proof of cash funds or lender-issued pre approval letter, not your basic unverified pre-qual. Minimum 72-hour advance notice required for all showings. No exceptions. Contact your agent for additional details and showing instructions.

Location

State CA

County Butte

Rooms

Main Level Bedrooms 3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Laundry Room

Exterior

Parking Features Carport, Driveway Level

Carport Spaces 1

Fence Chain Link, See Remarks, Wood

Pool None

Community Features Suburban

View Y/N No

View None

Roof Type Composition

Porch Porch

Total Parking Spaces 3

Private Pool No

Building

Lot Description Level, Street Level, Yard

Dwelling Type House

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Schools

Elementary Schools Sierra

School District Oroville City

Others

Senior Community No

Tax ID 031260034000

Acceptable Financing Cash, Conventional, Submit

Listing Terms Cash, Conventional, Submit

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Mario Gattavara 100 for 100 Realty 5305888373, DRE #01368823

NEARBY SCHOOLS & PROPERTIES

+1(714) 743-9882

info@gatehouseproperties.com

Costa Mesa, CA, 92626, United States

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1059 Thermalito AVE Oroville, CA 95965