The property is located at 1475 Pine Street in a highly desirable neighborhood of Oroville, CA. The building currently on the lot has extensive fire damage.
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List price includes:
6,098 sqft lot with fire-damaged structure
Approved & stamped plans
Architecture and engineering for a 5 Unit Commercial Multi-Family Building.
Current Architecture & Plans include 5 units, 1,152 sq ft each, 2 bed, 1.5 bath, 2 story
Prior to the close of escrow approved plans, architecture and engineering will be made available for review by the buyer.
The buyer will be responsible for permit fees, as the permit fees are not included in the list price.
The existing lot is 6,098 sqft with utilities on-site (disconnected) Buyer to verify the existence of any existing school or other credits.
The rental market in the Butte County area has been strong for the last several years. There has been an ongoing shortage of housing as the area has grown. In addition to the growth of the area, and existing housing crunch, the Camp Fire of 2018 has displaced over 15,000 residents that need a place to live while Paradise and the surrounding areas are re-built. The 5-year outlook for the rental market in the Oroville area is quite good.
Disclaimer - Projected statements are based on estimates and evaluations made by the drafter of this document. You should consult your own professionals for advice regarding the projections. You understand that the drafter is not making any professional recommendations whether accounting, legal, real estate, or otherwise.