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1816 Hile Ave 18 Unit Apartment Building $2,200,000 ($122,222/Unit) 8.18% Cap Rate Marysville, CA 95901



INVESTMENT HIGHLIGHTS
- Great Unit Mix; (17) 2-bedroom, 1-bathroom units and (1) 3-bedroom, 1-bathroom unit
- Brand new roof recently installed, ensuring low maintenance and long-term durability
- One of the few multifamily properties in Marysville, making it a rare investment opportunity
- Each unit is separately metered for electricity and gas, reducing owner expenses
- Upgraded Plumbing throughout the building
- Turn-key condition, ideal for investors seeking immediate returns without significant renovation costs
EXECUTIVE SUMMARY
Presenting an exceptional investment opportunity in Marysville, California, this 18-unit multifamily property consists of (17) spacious two-bedroom, one-bath units and (1) three-bedroom, one-bath unit. The community is in excellent condition and has recently benefited from significant upgrades, including a brand-new roof and energy-efficient double-pane windows, reducing operating costs while enhancing tenant comfort.
The property generates strong cash flow, making it an attractive addition to any portfolio. Well-maintained and positioned for long-term growth, this property represents a rare opportunity to acquire a high-performing multifamily asset in a market with strong fundamentals and limited competing supply.
The property is located in Marysville, California, a growing community in Northern California known for its small-town character. Positioned near major highways and transportation routes, the location provides tenants with seamless connectivity to Yuba City, Sacramento, and other surrounding areas, making it an ideal choice for commuters.
Set within a quiet residential neighborhood, the property is surrounded by essential amenities including schools, parks, shopping centers, and dining establishments. Residents also benefit from close proximity to recreational attractions such as Ellis Lake and the Feather River, offering opportunities for outdoor activities and leisure. The town of Marysville continues to attract residents seeking affordability and quality of life. This makes the property’s location highly desirable for tenants and a strong foundation for long-term investment stability.
The property generates strong cash flow, making it an attractive addition to any portfolio. Well-maintained and positioned for long-term growth, this property represents a rare opportunity to acquire a high-performing multifamily asset in a market with strong fundamentals and limited competing supply.
The property is located in Marysville, California, a growing community in Northern California known for its small-town character. Positioned near major highways and transportation routes, the location provides tenants with seamless connectivity to Yuba City, Sacramento, and other surrounding areas, making it an ideal choice for commuters.
Set within a quiet residential neighborhood, the property is surrounded by essential amenities including schools, parks, shopping centers, and dining establishments. Residents also benefit from close proximity to recreational attractions such as Ellis Lake and the Feather River, offering opportunities for outdoor activities and leisure. The town of Marysville continues to attract residents seeking affordability and quality of life. This makes the property’s location highly desirable for tenants and a strong foundation for long-term investment stability.
PROPERTY FACTS Under Contract
| Price | $2,200,000 | Apartment Style | Garden |
| Price Per Unit | $122,222 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.45 AC |
| Cap Rate | 8.18% | Building Size | 13,500 SF |
| Gross Rent Multiplier | 7.28 | Average Occupancy | 100% |
| No. Units | 18 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R-02 | ||
| Price | $2,200,000 |
| Price Per Unit | $122,222 |
| Sale Type | Investment |
| Cap Rate | 8.18% |
| Gross Rent Multiplier | 7.28 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.45 AC |
| Building Size | 13,500 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1963 |
| Opportunity Zone |
Yes |
| Zoning | R-02 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 18 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 021-052-026-000 | Improvements Assessment | $2,164,864 |
| Land Assessment | $216,485 | Total Assessment | $2,381,349 |
PROPERTY TAXES
Parcel Number
021-052-026-000
Land Assessment
$216,485
Improvements Assessment
$2,164,864
Total Assessment
$2,381,349
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1816 Hile Ave
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