1250 Melton DR new Save Request In-Person Tour Request Virtual Tour
Yuba City,CA 95991
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 21,019 sqft
Price per Sqft $195
MLS Listing ID 225049622
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1991
Lot Size 0.740 Acres
Acres 0.74
Property Sub-Type 5 or More Units
Property Description
Pheasant Court presents a rare opportunity to acquire a well-maintained, 32-unit apartment complex in the heart of Yuba City. Built in 1991, the property consists of a strong unit mix with a studio, (7) one-bedrooms, and (24) two-bedroom units ideal for attracting a broad tenant base. Strategically located near retail, schools, and major freeway access, Pheasant Court benefits from consistent tenant demand and minimal vacancy. At an average price of **$132,258 per door**, this offering sits below replacement cost, presenting immediate value and significant long-term upside through rent growth and operational efficiencies. Whether you're expanding your portfolio or entering a stable submarket with strong fundamentals, Pheasant Court is an ideal value-add or long-term hold opportunity for investors looking to expand or optimize their multifamily portfolio.
Location
State CA
County Sutter
Area 12404
Direction Hwy 99 to Queens, to Gray to Melton.
Interior
Heating Central,Wall Furnace,Varies by Unit
Cooling Central,Wall Unit(s),Varies by Unit
Flooring Varies by Unit
Laundry Coin Operated,Washer/Dryer Leased
Exterior
Parking Features Covered
Utilities Available Electric
Water Access Desc Public
Total Parking Spaces 48
Building
Lot Description Shape Regular
Story 2
Foundation Slab
Sewer In & Connected
Water Public
Schools
Elementary Schools Yuba City Unified
Middle Schools Yuba City Unified
High Schools Yuba City Unified
School District Sutter
Others
Senior Community No
Tax ID 051-152-010-000
Special Listing Condition None