Skip To Content

    261 Spruce Street

    Gridley, CA 95948
    • $849,000
    • STATUS: Active
    • ON SITE: 65 Days
    • MLS #: 221104834
    $849,000
    • 0
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1950
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    Looking for an investment opportunity with potential to build equity while enjoying positive cashflow? Look no further than this is a 5-unit multi-family property located just off Highway 99! It's in a prime location next to Orchard Hospital, Gridley Medical Center, CVS Pharmacy and the Butte County Library and the zoning is mixed-use so the possibilities are endless. Currently all the units are leased up and one of the downstairs units used to be a floral shop and the large cold storage is still there for future use! Rents are below market and with some minor paint and flooring upgrades to a few of the units, you could increase rents to market value. Bring your offers for this one-of-a-kind investment opportunity!

    Monthly Payment Calculator



    © 2021 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2021-10-23T23:38:36.09. MetroList® MLS Terms of Use. IDX provided by BoomTown.
    www.norcalhomepros.com/homes/120651575
    Print Image

    261 Spruce Street Gridley, CA 95948

    • Price: $849,000
    • Status: Active
    • MLS #: 221104834
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    1950
    Built
    Neighborhood:
    12558
    County:
    Butte
    Area:
    12558
    Elementary School:
    Gridley Unified
    Middle School:
    Gridley Unified
    High School:
    Gridley Unified
    School District:
    Butte
    Property Description
    Looking for an investment opportunity with potential to build equity while enjoying positive cashflow? Look no further than this is a 5-unit multi-family property located just off Highway 99! It's in a prime location next to Orchard Hospital, Gridley Medical Center, CVS Pharmacy and the Butte County Library and the zoning is mixed-use so the possibilities are endless. Currently all the units are leased up and one of the downstairs units used to be a floral shop and the large cold storage is still there for future use! Rents are below market and with some minor paint and flooring upgrades to a few of the units, you could increase rents to market value. Bring your offers for this one-of-a-kind investment opportunity!
    Exterior Features

    Carport Spaces 0 Construction Materials ConcreteVinyl SidingWood Covered Spaces 0 Foundation Raised Independent Parking Spaces 0 Lot Features Sidewalk Num Of Floors 2 Num Of Guest Spaces 0 Open Parking Spaces 0 Parking Features Off StreetStreetGarage Tandem Parking Spaces 0 Total Parking Spaces 10

    Interior Features

    Cooling Window Unit(S) Flooring CarpetTileVinylVaries By Unit Heating Varies By Unit Laundry Features Varies By Unit Num Of Rooms 0 Num Of Studio Units 0 Num Of1 Bedroom Units 5 Num Of2 Bedroom Units 0 Num Of3 Bedroom Units 0 Num Of4 Bedroom Units 0 Unit1 Approx Sq Ft 850 Unit1 Bedrooms 1 Unit1 Full Baths 1 Unit1 Partial Baths 0 Unit1 Rent 1020 Unit1 Rooms 4 Unit1 Type Apartment Unit2 Approx Sq Ft 850 Unit2 Bedrooms 1 Unit2 Full Baths 1 Unit2 Partial Baths 0 Unit2 Rent 820 Unit2 Rooms 4 Unit2 Type Apartment Unit3 Approx Sq Ft 850 Unit3 Bedrooms 1 Unit3 Full Baths 1 Unit3 Partial Baths 0 Unit3 Rent 765 Unit3 Rooms 4 Unit3 Type Apartment Unit4 Approx Sq Ft 850 Unit4 Bedrooms 1 Unit4 Full Baths 1 Unit4 Partial Baths 0 Unit4 Rent 765 Unit4 Rooms 4

    Property Features

    1 Bedroom Annual Occupancy 0 2 Bedroom Annual Occupancy 0 3 Bedroom Annual Occupancy 0 4 Bedroom Annual Occupancy 0 Association Fee 0 Association YN No Elevation 0 Income Includes Rent Only Irrigation None Lease Deposit 0 Num Of Commercial Units 0 Operating Expense Includes TrashMaintenance GroundsWater/SewerOther Property Subtype 5 Or More Units Property Type Residential Income Sewer Public Sewer Special Listing Conditions None Studio Annual Occupancy 0 Subtype Description ApartmentsMixed Use Tenant Pays ElectricityGas Utilities City Water Source Public Zoning Mixed-Use

    Listing provided courtesy of Coldwell Banker C & C Properties. Listing information © 2021 MetroList Services, Inc.


    © 2021 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2021-10-23T23:38:36.09. MetroList® MLS Terms of Use. IDX provided by BoomTown.
     
    https://bt-photos.global.ssl.fastly.net/sacramento/1280_boomver_1_221104834-2.jpg https://bt-photos.global.ssl.fastly.net/sacramento/1280_boomver_1_221104834-2.jpg https://bt-photos.global.ssl.fastly.net/sacramento/1280_boomver_1_221104834-2.jpg
    Logo
    Dominic Brandon with Re/Max Gold
    2998 Douglas Blvd #125
    Roseville CA, 95661