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    15 Ricky Court

    Chico, CA 95928
    • $5,650,000
    • STATUS: Active
    • ON SITE: 162 days
    • ID#: SN20248352
    UPDATED: 1 min ago
    $5,650,000
    • 0
      BEDS
    • 1.54
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 28,232
      SQFT
    • $200
      $/SQFT
    Type:
    Multi-Family
    Built:
    1985
    County:

    School Ratings & Info

    Description

    INCREDIBLE RESIDENTIAL INCOME INVESTMENT OPPORTUNITY! The Woodside Terrace Apartments is a 28-Unit apartment complex. There are 7 buildings involved in the sale of 15, 17, 19, and 21 Ricky Court. Full occupancy with fabulous rental history. Owning this complex offers easy maintenance and plenty of room for profit growth. The competitive rental market suggests rents should be nearing $1450 a month! The property is conveniently located near shopping, restaurants, parks, Chico entertainment and easy access to public transportation. Each unit is a spacious 3 bedroom, 1 bath, and features fully equipped kitchens with eating bars, the newer appliances including; refrigerators, microwaves, gas stoves, and garbage disposals. Each unit shares the same layout with lots of cabinet space, central heating and air, private patios off of the living space, washer and dryer hookups, and large closets. Don't miss the opportunity this property offers including condo conversions or student housing. Interior viewings of units will be arranged based on an accepted offer.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-13T23:35:48.567. 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 Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/112303494
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    15 Ricky Court Chico, CA 95928

    • Price: $5,650,000
    • Status: Active
    • Updated: 1 min ago
    • ID#: SN20248352
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.54
    Acres
    28,232
    SQFT
    $200
    $/SQFT
    1985
    Built
    County:
    Butte
    Property Description
    INCREDIBLE RESIDENTIAL INCOME INVESTMENT OPPORTUNITY! The Woodside Terrace Apartments is a 28-Unit apartment complex. There are 7 buildings involved in the sale of 15, 17, 19, and 21 Ricky Court. Full occupancy with fabulous rental history. Owning this complex offers easy maintenance and plenty of room for profit growth. The competitive rental market suggests rents should be nearing $1450 a month! The property is conveniently located near shopping, restaurants, parks, Chico entertainment and easy access to public transportation. Each unit is a spacious 3 bedroom, 1 bath, and features fully equipped kitchens with eating bars, the newer appliances including; refrigerators, microwaves, gas stoves, and garbage disposals. Each unit shares the same layout with lots of cabinet space, central heating and air, private patios off of the living space, washer and dryer hookups, and large closets. Don't miss the opportunity this property offers including condo conversions or student housing. Interior viewings of units will be arranged based on an accepted offer.
    Exterior Features

    Exterior Features Rain Gutters Lot Features 26-30 Units/AcrePaved Number Of Separate Electric Meters 28 Parking Features AssignedGuestPavedOne Space Parking Total 60 Pool Features None Pool Private YN No Property Attached YN Yes Road Surface Type Paved Roof Composition Spa Features None Spa YN No View Neighborhood View YN Yes

    Interior Features

    Appliances DishwasherGas OvenMicrowaveRefrigerator Common Walls 2+ Common Walls Cooling Central Air Cooling YN Yes Door Features Sliding Doors Fireplace Features None Fireplace YN No Flooring CarpetLaminateVinyl Heating CentralNatural Gas Heating YN Yes Interior Features BalconyCeiling Fan(S) Window Features Double Pane Windows

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features CurbsStreet LightsSidewalks Contingency This Will Be A 1031 Exchange At No Cost To The Buyer. Showings And Access To Units Will Be Scheduled Based On An Accepted Offer. Electric Expense 120 Garage YN No Gross Income 324000 Gross Scheduled Income 324000 Insurance Expense 9672 Land Lease YN No Laundry Features Inside Levels OneTwo Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Submit Net Operating Income 289960 New Construction YN No New Taxes Expense 21996 Number Of Separate Gas Meters 28 Number Of Separate Water Meters 4 Number Of Units Leased 28 Operating Expense 34040 Rent Control YN No Security Features Carbon Monoxide Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityTelephone Total Actual Rent 302400 Trash Expense 9900 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance 0 Water Sewer Expense 18000 Water Source Public Zoning 00

    Listing provided courtesy of Kelli Smyth of Nexthome North Valley Realty and Casey Smyth of Nexthome North Valley Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-13T23:35:48.567. 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 Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
     
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