1234 & 1238 Middlehoff LN
Oroville, CA 95965
- 1.18 Lot Size
- 1957 Year Built
Unlock the potential of this lucrative income-producing property nestled in a prime location just minutes from downtown Oroville. Situated on a generous 1.18-acre corner-lot along Middlehoff Lane, this hidden gem offers a perfect blend of convenience, tranquility and investment opportunity
**Prime Location**
Tucked away in a secluded wooded area just west of the river, yet only a stone's throw from Oroville's bustling downtown, this property offers the best of both worlds. With easy access to amenities, it's an ideal location for tenants seeking both comfort and convenience.
**Duplex Units**
The front duplex units, each with its own carport and storage, exude rustic charm with rising, exposed-beam ceilings and wooden built-ins. Boasting identical layouts of 1 bed/1 bath, these units offer comfortable living spaces with the added convenience of individual, brand new electric meters. Each unit has its own electric and Gas meters. There is a seperate large building across the large backyard which houses a shared laundry facility, 2 car garage and a large, climate-controlled indoor storage area. This building is also on its own electric meter. Historically, tenants have paid their own unit's power/gas and the landlord has paid the laundry power bill from the third meter.
**Expansive Grounds**
Spanning 1.18 acres and fully fenced, the property offers abundant outdoor space for recreation and relaxation. Mature trees dot the landscape, complemented by lush grassy expanses and even a flourishing grapevine, creating a picturesque setting for residents to enjoy.
**Investment Potential**
With one unit already occupied, this property presents an immediate income stream for savvy investors an the second unit is ready for an owner or tenant to move right in. Whether you're looking to generate rental income or offset mortgage payments, the possibilities are endless with this versatile investment opportunity.
Don't miss out on this fantastic opportunity to own a multifaceted income property in a highly sought-after location. Schedule your showing today and unlock the full potential of this hidden gem on Middlehoff Lane!
GALLERY
PROPERTY DETAIL
Key Details
Sold Price $284,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OR24106359
Sold Date 11/12/24
HOA Y/N No
Year Built 1957
Lot Size 1.180 Acres
Property Sub-Type Duplex
Location
State CA
County Butte
Zoning AR
Rooms
Other Rooms Second Garage, Shed(s)
Building
Lot Description 2-5 Units/Acre, Back Yard, Corner Lot, Street Level
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
Additional Building Second Garage, Shed(s)
New Construction No
Interior
Interior Features Beamed Ceilings, Built-in Features, Ceiling Fan(s), High Ceilings, Storage, Wood Product Walls, All Bedrooms Down, Bedroom on Main Level
Heating Electric
Cooling Evaporative Cooling
Flooring Laminate, Vinyl
Fireplaces Type None
Fireplace No
Appliance Electric Water Heater, Gas Range, High Efficiency Water Heater, Refrigerator, Dryer, Washer
Laundry Common Area, Washer Hookup, Electric Dryer Hookup
Exterior
Exterior Feature Awning(s)
Parking Features Attached Carport, Assigned, Door-Multi, Garage, Storage
Garage Spaces 2.0
Carport Spaces 2
Garage Description 2.0
Fence Good Condition
Pool None
Community Features Biking, Dog Park, Fishing, Golf, Hiking, Horse Trails, Water Sports
View Y/N Yes
View Mountain(s)
Roof Type Composition
Accessibility Safe Emergency Egress from Home, Parking, Accessible Doors
Total Parking Spaces 4
Private Pool No
Others
Senior Community No
Tax ID 030160052000
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing FHA
Special Listing Condition Standard
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