2262 Hewitt Avenue

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2262 Hewitt Avenue

Oroville, CA 95966
Asking Price
$319K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located in Oroville, California.
  • Property features a total of 2 rental units.
  • Asking price for this asset is $319,000.
  • Located at 2262 Hewitt Avenue in Butte County.
  • Managed residential asset positioned in a growing market.

What's Special

Oroville serves as a growing hub in Butte County, providing a backdrop for steady residential demand within the Northern California region. This multifamily property at 2262 Hewitt Avenue consists of 2 units, presenting a straightforward addition to an investment portfolio. The site is positioned to benefit from the local economic landscape and the characteristic appeal of the surrounding foothills. Residential investments of this scale are well-suited for owners seeking manageable asset classes. This apartment building offers a stable utility for housing needs in the area. Given the current configuration, it functions as a functional rental asset for investors aiming to establish or expand their presence in the Oroville submarket.

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NOI
$80,000
Cap Rate
25.08%
DSCR
4.22
Strong
Cash-on-Cash
63.80%
Monthly Payment
$1,578.238
Annual Cash Flow
$61,061.145

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