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Listing 1 out of 312
$1,695,000 New For Sale

626 W 1st Avenue
Chico, CA 95926

16 units | Multi Family Home
0.76 acres - MLS# SN19216306
Property Photo
1/16

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**

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 95926
  • Year Built: 1966
  • Stories: Two
  • Units: 16 units
  • Lot Size: 0.76 acres
  • Zoning: R3
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 13824.00
  • Building Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Community Features: Curbs, Storm Drains
  • Country: US
  • Directions: Located just west of the 1st Ave/Warner Street intersection
  • Gross Income: 166380.00
  • Gross Scheduled Income: 166380.00
  • Laundry Features: Community
  • Laundry YN: Yes
  • Listing Agent License: 01236305
  • Listing Office License: 01996441
  • Lot Features: Near Public Transit
  • Lot Size Area: 33106.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 99828.00
  • New Taxes Expense: 21187.00
  • Number Of Buildings: 1
  • 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
  • Property Attached YN: Yes
  • Sewer: Public Sewer
  • Stories Total: 2
  • Total Expenses: 66552.00
  • Trash Expense: 2187.00
  • Water Sewer Expense: 7338.00
  • Water Source: Public
  • Year Built Source: Assessor
Courtesy of Re/Max Of Chico, Dan Bosch


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Vickie Miller
Chico, CA 95926
530-864-1199
vickiemiller81@yahoo.com
Cal BRE# 01204533
Cal BRE# 01996441

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