429 Robinson Ave Yuba City, CA 95991

12-unit multifamily investment opportunity at 429-443 Robinson Ave in Yuba City, CA. 100% occupied and built in 1971, the community is entirely comprised of two-bedroom/one-bathroom floorplans spanning across three single-story fourplexes on 0.84 acres. Eight of the twelve units have experienced recent upgrades and are getting market rents of $1,450/month. Three of the remaining units will benefit from interior improvements and raising rents to market and the two remaining units can receive annual rent increases to meet market rents within two years. In addition to the rental income the owner bills tenants for a portion of the sewer, water, and garbage to all residents, and this has been implemented across all twelve units. Yuba City is experiencing an impressive upward trend in growth and development in housing, business, and recreation. Recent city improvements that were designed to create a vibrant, welcoming environment in the downtown corridor include the refurbishment of the water tower with a new city logo and multicolored LEDs, and a plaza that will accommodate a playground, stage, and an illuminated gateway arch directly at the entrance to downtown.