719 Chestnut Street, Chico, CA 95928

$2,350,000
6,000
SqFt
List Price
$2,350,000
Status
ACTIVE
MLS#
SN20072549
Year Built
2019
Living Sq. Ft
6,000
Lot Size
7,841
Acres
0.18
Lot Location
Corner Lot
Days on Market
196
Property Type
Multifamily
Property Sub Type
Apartment
Stories
Two Levels

Property Description

This premier student property consists of 6 newer and recently upgraded luxury units located on a popular corner near CSU Chico and downtown Chico, CA. This property is 2 lots with a combined 3 buildings, 24 bedrooms and 16 bathrooms! Street address is 719 & 705 Chestnut and 447 W 7th Street. Each building has 2 units. 2 units are brand new 4bed 4bath, the rest are upgraded 4bed 2bath. 4 units have mini split heat/ac allowing each roommate to control their room. These units feature granite counters, wood style plank flooring, stainless appliances and washer/dryers in most units with a laundry room on site for those without. Units have kitchens equipped with range, microwave, stove and refrigerator. Property is near bus routes, and within a short distance to downtown, CSU Chico, restaurants, shopping and convenience stores. Property is fully leased through 2021, professionally managed.

Additional Information

Lot Description
Urban
Pool Description
None
Fireplace Description
None
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
6
Gross Scheduled Income
$188,340
Operating Expense
54543
Unit One Total Units
2
Unit One Beds
4
Unit One Baths
4
Unit One Actual Rent
2650.00
Unit One Total Rent
5300.00
Unit One Pro Forma
2850
Unit One Furnished
Unfurnished
Unit Two Total Units
1
Unit Two Beds
4
Unit Two Baths
2
Unit Two Actual Rent
2695.00
Unit Two Total Rent
2695.00
Unit Two Pro Forma
2650
Unit Two Furnished
Unfurnished
Unit Three Total Units
2
Unit Three Beds
4
Unit Three Baths
2
Unit Three Actual Rent
2500.00
Unit Three Total Rent
5000.00
Unit Three Pro Forma
2475
Unit Three Furnished
Unfurnished
Unit Four Total Units
1
Unit Four Beds
4
Unit Four Baths
2
Unit Four Actual Rent
1665.00
Unit Four Total Rent
1665.00
Unit Four Pro Forma
2650
Unit Four Furnished
Unfurnished

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Ryan Vaught from Ryno Company

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.