Price Reduction
Address
811 W 2nd Avenue Chico, CA
Price
$ 1,500,000
Property Attributes
  • ML#SN20163193
  • TypeIncome
  • CountyBUTTE
  • CityChico
  • Zip95926
  • Style
  • Price$ 1,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage8880
  • Lot Size0.51 Acres
Listing Provided Courtesy Of:
Rick Sufuentes with Parkway Real Estate Co..
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.

Price History
8/14/2020 Listed $1,550,000
10/16/2020 4% - $1,500,000

General Features

Assessments Unknown
Attached Structure Attached
Community Features Biking, Urban
Cooling Central Air
Directions N. Cedar to W. 2nd Ave. Property behind 827 W 2nd Ave.
Garage Spaces 0.00
HOA Fee 0.00
Heating Central
Levels Two
Listagentaor Sierra North Valley
Listing Agent Rick Sufuentes - BRE#01486988
Listing Agent State License 01486988
Number of Units Leased 7
Pool Features None
Price Per Square Foot 168.92
Property Attached Y/N Yes
PropertyCondition Turnkey
Roof Composition
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
Total Units 7
Utilities Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Zoning CITY

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Air Conditioning Y/N Yes
Common Walls 2+ Common Walls
Fireplace Features Living Room
Fireplace Y/N Yes
Heating Y/N Yes
Laundry Features Community, Individual Room
Laundry Y/N Yes
Studio Area Unit Type Square Feet
Total Stories 2

Exterior Features

Building Area Total 8880.00
Fence Y/N Yes
Fencing Chain Link, Wood
Lot Features 6-10 Units/Acre
Lot Size Acres 0.5100
Lot Size Area 22216.0000
Lot Size Source Assessor
Lot Size Square Feet 22216.00
Lot Size Units Square Feet
Number of Buildings 2
Number of Separate Electric Meters 7
Number of Separate Gas Meters 7
Number of Separate Water Meters 7
Road Frontage Type Private Road
Road Surface Type Paved
Total Parking 0.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 95926

Price
AVG $1.08M
$1.5M
Visits
AVG 73
115
Year Built
AVG 1964
1984

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