281 Percy Ave, Yuba City, CA 95991

Great income property. Well maintained 4-plex,with newer roof, gutters and security lights. Every unit has been upgraded with countertops, sinks, faucets, flooring and window shades. A remodeled laundry room with all new plumbing for 4 washers and 4 dryers which brings in additional income used through lease at half capacity of approx $275/month or $3300/year with the potential of $500/month if used at full capacity. Total gross income is approx.$44,100/year. All of this located close to downtown Yuba City and Medical Buildings.Landlord only pays monthly expenses of approx: garbage $123, water $241 and laundry room electrical $50. Yearly Sears stove appliance plan of approx $275 for all four units. Owner has invested $20k per year in 10 of the last 16 years in mostly upgrades and some repairs on 277/281 Percy.Property manager is onsite at 277 Percy and collects/sends rent and provides access for repairs for both four- plexes. Total utility yearly expenses is approx $3492.277 Percy and 281 Percy must both sold together to the same buyer for a 1031 exchange set up at Old Republic Title Company in Yuba City