811 W 2nd Avenue, Chico, CA 95926

$1,500,000
8,880
SqFt
List Price
$1,500,000
Price Change
▼ $50,000 1602883293
Status
ACTIVE
MLS#
SN20163193
Year Built
1984
Living Sq. Ft
8,880
Lot Size
22,216
Acres
0.51
Lot Location
6-10 Units/Acre
Days on Market
75
Property Type
Multifamily
Property Sub Type
Apartment
Stories
Two Levels

Property Description

If you are looking for a great place to invest, look no further! For sale is a well established 7 unit apartment complex only a few blocks from the Chico State campus, shopping centers, restaurants and Safeway. This property has been well maintained with updated and delivers consistent solid rents with upside potential. The property consists on Six 4 bedroom 2 bath, 1500 sqft units and a single 1 bedroom 1 bath unit. Each of the townhouses include a fireplace, central heating and air, fenced back patios, Coin-op onsite laundry for additional income and ample off street parking with 24 spots. Over the years this property has seen a steady increase in rents and is solid investment that cash-flows. All have leases into 2021. Currently all rented and professionally managed. All financials on file.

Additional Information

Lot Description
Biking, Urban
Pool Description
None
Fireplace Description
Living Room
Heat
Central
Cooling
Yes
Cooling Description
Central Air
Roof
Composition
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
7
Gross Scheduled Income
$120,857
Operating Expense
37111
Unit One Total Units
1
Unit One Beds
4
Unit One Baths
2
Unit One Actual Rent
1500.00
Unit One Total Rent
18000.00
Unit One Pro Forma
1600
Unit One Furnished
Unfurnished
Unit Two Total Units
1
Unit Two Beds
4
Unit Two Baths
2
Unit Two Actual Rent
1600.00
Unit Two Total Rent
19200.00
Unit Two Pro Forma
1600
Unit Two Furnished
Unfurnished
Unit Three Total Units
1
Unit Three Beds
4
Unit Three Baths
2
Unit Three Actual Rent
1600.00
Unit Three Total Rent
19200.00
Unit Three Pro Forma
1600
Unit Three Furnished
Unfurnished
Unit Four Total Units
1
Unit Four Beds
4
Unit Four Baths
2
Unit Four Actual Rent
1500.00
Unit Four Total Rent
18000.00
Unit Four Pro Forma
1600
Unit Four Furnished
Unfurnished

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Rick Sufuentes from Parkway Real Estate Co.

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.