626 W 1st Avenue

    Chico, CA 95926
    • $1,695,000
    • STATUS: Pending
    • ON SITE: 38 days
    • ID#: SN19216306
    Pending
    UPDATED: 64 min ago
    $1,695,000
    • 0
      BEDS
    • 0.76
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,824
      SQFT
    • $123
      $/SQFT
    Type:
    Multi-Family
    Built:
    1966
    County:

    School Ratings & Info

    Description

    Located only a few blocks from Chico State University, this nice, clean 16 unit building is currently 100% occupied and has solid history of nearly zero vacancy. The quiet and private design with center courtyard, plenty of off-street tenant parking, onsite laundry room and the functionally designed units add to the desirability of the property from not only an ownership perspective, but also from the tenant base as well. The location also provides tenants with easy walking or biking to many restaurants, a large grocery center and downtown Chico, in addition to the University. The continued strength of the Chico rental market means there is significant upside for rents, making this is an incredible opportunity to add a quality property to your portfolio. **OWNER WILL FINANCE WITH VERY REASONABLE TERMS FOR QUALIFIED INVESTORS**

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-19T00:36:24.343. 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 deemed reliable but is not guaranteed accurate by the MLS or Compass California Inc.. Licensed in the State of California, USA.
    www.sandiegohomesdirect.com/homes/98836522

    626 W 1st Avenue Chico, CA 95926

    • Price: $1,695,000
    • Status: Pending
    • Updated: 64 min ago
    • ID#: SN19216306
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.76
    Acres
    13,824
    SQFT
    $123
    $/SQFT
    1966
    Built
    County:
    Butte
    Property Description
    Located only a few blocks from Chico State University, this nice, clean 16 unit building is currently 100% occupied and has solid history of nearly zero vacancy. The quiet and private design with center courtyard, plenty of off-street tenant parking, onsite laundry room and the functionally designed units add to the desirability of the property from not only an ownership perspective, but also from the tenant base as well. The location also provides tenants with easy walking or biking to many restaurants, a large grocery center and downtown Chico, in addition to the University. The continued strength of the Chico rental market means there is significant upside for rents, making this is an incredible opportunity to add a quality property to your portfolio. **OWNER WILL FINANCE WITH VERY REASONABLE TERMS FOR QUALIFIED INVESTORS**
    Exterior Features

    Garage Spaces 0.00 Lot Features Near Public Transit Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features CurbsStorm Drains Country Us Elevation Units Feet Gross Income 166380.00 Gross Scheduled Income 166380.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 99828.00 New Construction YN No New Taxes Expense 21187.00 Number Of Separate Electric Meters 16 Number Of Separate Gas Meters 16 Number Of Separate Water Meters 1 Number Of Units Leased 16 Operating Expense 66552.00 Professional Management Expense 9982.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 66552.00 Trash Expense 2187.00 Water Sewer Expense 7338.00 Water Source Public Year Built Source Assessor Zoning R3

    Listing provided courtesy of Dan Bosch of Re/Max Of Chico


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-19T00:36:24.343. 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 deemed reliable but is not guaranteed accurate by the MLS or Compass California Inc.. Licensed in the State of California, USA.
     
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