Two Homes 3/2 & 2/1 - Great Rental Potential!
City Limits of Oroville, Ca
**Two Great Homes on One Lot with Strong Income Potential!**
Excellent investment opportunity featuring two separate homes on one lot, each offering privacy, dedicated outdoor space, and established rental income.
The **main home** offers 3 bedrooms, 2 bathrooms, and approximately 1,118 sq ft of comfortable living space. Features include central heating and air, an attached garage, a private yard, and a spacious primary suite. The home was remodeled prior to the current tenant moving in and has been well maintained. The current tenant recently passed the one-year mark and has just re-signed for another **one-year lease** at **$1,650 per month**.
Tucked privately behind the main residence, the **second home** enjoys its own alley access and feels completely separate from the front property. This approximately 900 sq ft home features 1 bedroom, 1 bathroom, plus a den, along with its own private yard. The rear home was just fully remodeled and now has a new tenant in place on a one-year lease at **$1,400 per month**. Additional improvements include a newer mini-split heating and cooling system and a newer roof.
Both homes feature their **own laundry facilities**, adding convenience for tenants. Even better, each unit has **separate water and power meters**, and tenants pay all utilities, including trash. This helps keep ownership expenses low and makes the property an especially attractive, investor-friendly opportunity.
The seller has maintained the property to the best of their ability and has invested **thousands of dollars over the past several years** to improve the overall condition, functionality, and appeal of both homes.
Conveniently located just a short walk from the bus station and directly across from **Raley’s Shopping Center**, the property offers easy access to shopping, transportation, and everyday amenities.
With two separate residences, established rental income, individually metered utilities, private yards, and numerous recent improvements, this is an excellent opportunity for investors looking to add a versatile income-producing property to their portfolio.
**Please Note:** Interested prospects are to provide verification of qualifications and submit an offer subject to interior inspections prior to viewing. This requirement is intended to minimize unnecessary disturbance to the existing tenants.
Mario John Gattavara
Call/Text: (530) 588-8373
100 for 100 Realty
DRE License #01368823
$190,000 Assumable Note At Only 4.5% Interest!*
City Limits of Oroville, Ca
Duplex Investment Opportunity with Potential Assumable Private Financing
Rare opportunity to acquire an income-producing duplex with the possibility of assuming an existing private loan on attractive terms. For investors seeking long-term wealth building and retirement income, this property offers stable occupancy, future rental upside, and potentially simplified financing compared to traditional lending options.
Located within the city limits of Oroville, this duplex is conveniently situated within walking distance of parks, schools, daycare facilities, downtown amenities, and directly across from Harrison Stadium. The property consists of two separately occupied units, each offering approximately 700 square feet with 2 bedrooms and 1 bathroom.
Long-term tenants are currently in place, providing immediate rental income. Current rents are $750 and $800 per month, with scheduled increases effective July 1, 2026, bringing rents to $810 and $860 per month. Even after the increases, rents remain below current market levels, with comparable units in the area often renting for $1,000+ per month, creating potential for future income growth.
Each unit features its own private rear yard area, separated by chain-link fencing with wood privacy surrounds. The property includes off-street parking for up to four vehicles and privacy landscaping along the street frontage. Exterior construction is primarily stucco, offering durability and low maintenance. The property also features an attached laundry room located on the side of the building. While currently not coin-operated, the laundry area presents an opportunity for additional income should a buyer choose to install coin-operated equipment.
Utilities are efficiently configured with three separate electrical meters—one for each unit and one dedicated to the laundry room. The owner currently pays water and trash service. The property is owner-managed and offers a straightforward investment opportunity with room for cosmetic improvements to the parking area, landscaping, and exterior appearance.
While this may not be a high cash-flow property today, it presents an opportunity to acquire a solid income-producing asset that can potentially pay for itself over time while building equity and long-term retirement wealth.
Potential Loan Assumption Opportunity
A significant feature of this offering is the potential assumption of an existing private loan currently secured in first position. The outstanding balance is approximately $190,000 with an interest rate of approximately 4.5%.
The private note holder has indicated a willingness to restructure the loan for a qualified buyer into a new 30-year fixed-rate, fully amortized loan with no prepayment penalty. This may provide a substantial advantage compared to obtaining new conventional financing and could help a buyer avoid many of the costs, delays, appraisal requirements, and underwriting hurdles often associated with traditional lenders.
*All financing terms are subject to negotiation and approval by the private note holder. As part of the review process, the note holder will require evaluation of the buyer's credit profile and ability to repay the loan. The note holder has indicated a preference for buyers with a credit score of approximately 640 or higher, although final approval remains at their sole discretion.
Important Showing Instructions
To minimize disruption to the tenants, all prospective buyers must provide proof of funds sufficient to complete the proposed transaction structure and submit an offer subject to interior inspections prior to scheduling any showings. The seller wishes to avoid unnecessary disturbance of the tenants.
Mario John Gattavara
Call/Text: (530) 588-8373
100 for 100 Realty
DRE License #01368823