1651 Oro Dam Blvd presents a unique opportunity to own two duplexes and a two-story house on 1 lot in Oroville, CA. With a total of 5 units, this property currently produces $7150/mo gross rental income. To add even more value to this cash flowing property, plans have already started with the county to split this property into 3 lots. Each lot would have a building on it giving the Buyer two individual duplexes with a two-story SFR all on their own lots which would give more flexibility down the road. Many updates have been completed including new flooring, new interior/exterior paint, new windows, plans to split the lot, and more. In addition to the clean and updated units, there are carports for covered parking and storage sheds making this property desirable to tenants. This property sits on a large corner lot with close proximity to shopping, grocery stores, freeway access, restaurants and many other amenities. With an impressive $7150/gross monthly income, the lot split already in progress, updates completed, and convenient location, this 5 unit property is an excellent addition to all investors portfolio. The property will provide immediate cash flow along with the value-adding lot split shortly down the road.
