Detailed Introduction Of This Home
Welcome to 2262 & 2264 Hewitt Ave, Oroville, Ca. A rare opportunity for dual income investment! Two homes on one lot, offering endless possibilities for rental income or personal use. Located walking distance to bus route, stores and town. The main house boasts 3 bedrooms, 2 baths with 1118 Sq ft of living space, central heating and air, attached garage, master suite, and a private backyard. The second home is tucked away in the back, accessible through a private alley. With 1 bedroom + potential second with a den, 1 bathroom and approximately 900+/- sq ft, this unit also has its own yard and entrance. As well as a new mini split unit. Currently, the front house is generating $1750.00 per month in rental income with a recent 1 year lease, while the back house is bringing in $1200.00 a month in income on a recent one year lease, totaling $2950.00 a month. Whether you're looking to live in one after a lease expires and rent out the other to offset future payments, or cash flow both units, this property offers great potential for the investor or business minded individual. Tenants pay all utilities including trash. Separate power and water meters here. (This is being sold as a rental property. If you as a buyer intend to live in one of the units, you will be responsible for vacating the specific unit following close of escrow; the seller will not remove any tenants whatsoever. Also note, there will be no showings of this property unless a buyer has provided qualifications along with an offer contingent on interior inspections.)