For Sale
$2,600,000

1316 State Highway 99 Gridley, CA 95948

Ten-unit apartment building, high ROI potential.

Property Records

Overview

Added:
Feb 3
Days on market:
85
This exceptional 10-unit apartment building presents a compelling investment opportunity in the desirable city of Gridley, California. Strategically located just off Highway 99, this property boasts a total of 7,200 square feet situated on a 0.76-acre lot. The well-maintained building offers stable rental income, making it an attractive turnkey asset for investors seeking immediate returns. The strong occupancy rates demonstrate consistent demand and the potential for long-term value appreciation. This property is ideally suited for investors looking for a low-maintenance, high-yield investment in a convenient location with easy access to major transportation routes. The building's current condition and established rental income stream provide a solid foundation for future growth and profitability. Given the property's size, location, and proven rental history, this represents a rare opportunity to acquire a significant multifamily investment in a thriving market. The 0.76-acre lot offers potential for future expansion or development, further enhancing the long-term investment potential. Serious inquiries are encouraged to explore this promising investment opportunity in detail. Financial statements and further property details are available upon request. Don't miss this chance to secure a valuable asset in a prime location.

Property Details for 1316 State Highway 99

Property type
Commercial real estate
Square Feet
7,200 SF
Year Built
1963
Lot Size (sq. ft)
33,106 SF

Location Insight

City
Gridley
County
Butte
State
California
Latitude
39.35321
Longitude
-121.6868

FAQs

What type of property is this?
Commercial real estate - Ten-unit apartment building, high ROI potential.
Where is the commercial real estate located?
The property is located at 1316 State Highway 99 Gridley, CA.
What is the asking price?
The asking price for this property is $2,600,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1316 State Highway 99
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