726 W 2nd Avenue

    Chico, CA 95926
    • $1,198,000
    • STATUS: Active
    • ON SITE: 134 days
    • ID#: SN19127860
    UPDATED: 59 min ago
    $1,198,000
    • 0
      BEDS
    • 0.39
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,910
      SQFT
    • $173
      $/SQFT
    Type:
    Multi-Family
    Built:
    1989
    County:

    School Ratings & Info

    Description

    This five unit complex is a great investment opportunity! First unit is a single family with 3 bedrooms, 1 bath, hardwood floors and fireplace. The structure directly behind the front house consists of four units that are all 4 bedrooms and 2 bathrooms, all recently updated with granite counter tops, new sinks, new flooring and fresh paint. New roof installed in August of 2018 and all four units are equipped with fire sprinklers. The property has six PG&E meters, two water meters and a coin operated laundry room for all tenants to use with two washers and two dryers. Live in the front home and rent out the 4-plex! Great location near Chico State University, downtown and shopping!

    Monthly Payment Calculator



    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/95617911

    726 W 2nd Avenue Chico, CA 95926

    • Price: $1,198,000
    • Status: Active
    • Updated: 59 min ago
    • ID#: SN19127860
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.39
    Acres
    6,910
    SQFT
    $173
    $/SQFT
    1989
    Built
    County:
    Butte
    Property Description
    This five unit complex is a great investment opportunity! First unit is a single family with 3 bedrooms, 1 bath, hardwood floors and fireplace. The structure directly behind the front house consists of four units that are all 4 bedrooms and 2 bathrooms, all recently updated with granite counter tops, new sinks, new flooring and fresh paint. New roof installed in August of 2018 and all four units are equipped with fire sprinklers. The property has six PG&E meters, two water meters and a coin operated laundry room for all tenants to use with two washers and two dryers. Live in the front home and rent out the 4-plex! Great location near Chico State University, downtown and shopping!
    Exterior Features

    Garage Spaces 0.00 Lot Features Front YardNear 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 View Neighborhood View YN Yes

    Interior Features

    Appliances DishwasherElectric OvenElectric Range Appliances YN Yes 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 1 Common Wall Cooling Central Air Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Flooring CarpetLaminate Heating Central Heating YN Yes Interior Features Granite Counters Laundry Features CommunityDryer IncludedWasher Included Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 6.25 Community Features Urban Country Us Electric Expense 647.08 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 2175.00 Gross Income 103104.00 Gross Operating Income 97948.00 Gross Scheduled Income 103104.00 Insurance Expense 2965.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry Income 514.00 Laundry YN Yes Maintenance Expense 3168.00 Net Operating Income 73796.00 New Construction YN No New Taxes Expense 8040.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 2 Operating Expense 24152.80 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Private Sewer Special Listing Conditions Standard Total Expenses 24152.83 Trash Expense 2071.30 Vacancy Allowance Rate 5.00 Water Sewer Expense 4703.00 Water Source Public Year Built Source Assessor Zoning City

    Listing provided courtesy of John Barroso of Parkway Real Estate Co.


    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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    Encinitas CA, 92024