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Rambling Rose MP & Knotty Estates
Oroville, CA

$1,700,000 USD

Multifamily For Sale  •  132,858 SF

2 Properties View all

Property Details

  • Property Type Multifamily
0 Transit Score
20 Walk Score

Highlights

Current Cap Rate - Offering price of $1,700,000 ($51,515 per site) equates to a current cap rate of 7.49% based on current budget NOI of $127,399
In Place Occupancy - The Properties are currently 87.9% occupied with 29 occupied sites and only 4 vacant sites between the two properties
Rental Rate Growth - Current average rent of $445 for the portfolio is 32% lower than the rent survey average of $652 per month
Diversified Rent Roll - Consists of 16 MH sites, 13 RV sites w/drain, 3 detached site built residences, and 1 commercial structure leased to a bar
Portfolio Opportunity - Presents investors with the opportunity to acquire two similar but separate properties located less than 1 mile apart
Convenient Location - The properties are conveniently located in Oroville, CA (~20,000 population), just a five minute drive to the city’s center
Tim Ryan 310-862-6103 Avine Real Estate
Tim Ryan 310-862-6103 Avine Real Estate