1816 Hile AveLinda, CA 95901

Property Details for 1816 Hile Ave

Lot size

1.45 AC

Property size (Sq ft)

12,000 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents an 18-unit multifamily property located at 1816 Hile Ave, Linda, CA 95910, in Yuba County. The property, priced at $2,350,000, boasts a strong 7.28% cap rate and a current Net Operating Income (NOI) of $170,995. Currently operating at 100% occupancy, the complex generates a gross monthly rent of $24,750. The 1.45-acre lot comprises five single-story buildings: one duplex and four fourplexes. The duplex features a mix of three-bedroom/one-bathroom and two-bedroom/one-bathroom units, while the fourplexes each offer two-bedroom/one-bathroom units. Recent upgrades include new roofs, minimizing maintenance needs. Each unit benefits from individual hot water heaters and separate gas and electric meters. Ample parking is available. The property's size and layout offer potential for future expansion, enhancing the return on investment. This turnkey investment is ideal for those seeking a stable, high-performing multifamily asset in a desirable location. The property's Class C designation reflects its current condition and potential for value appreciation through strategic improvements. The price per unit is $130,555.56. The total square footage is between 12,000 and 15,000 square feet.

Location Insight

City

Linda

County

Yuba

State

California

Latitude

39.1322

Longitude

-121.55

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