155 Panama Avenue

    Chico, CA 95973
    • $725,000
    • STATUS: Active
    • ON SITE: 271 days
    • ID#: CH17215956
    UPDATED: 40 min ago
    $725,000
    • 0
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,110
      SQFT
    • $176
      $/SQFT
    Type:
    Multi-Family
    Built:
    1947
    County:

    School Ratings & Info

    Description

    A great investment opportunity! This property features very limited turnover (once a year on average). In total there are 13 units with 12 studio apartments and one one bedroom (#13). At the southern most end of the building there is a storage shed not currently accessible by residents. All walkways and sidewalks have just been repainted and the parking lot is soon to be re-striped. Laundry facilities available to residents. There is plenty of space for all residents to park one vehicle per unit and off street parking available if needed. As an option, the property could be sold as a package with the neighboring lot, 2568 Esplanade. The two lots and buildings total 19 units and make up Panama Springs Apartments. 2568 Esplanade features a laundry room on the eastern side of the building and a three bedroom unit/managers office on the western side. Please inquire about both lots if interested.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-18T14:29:40.47. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/76897018

    155 Panama Avenue Chico, CA 95973

    • Price: $725,000
    • Status: Active
    • Updated: 40 min ago
    • ID#: CH17215956
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    4,110
    SQFT
    $176
    $/SQFT
    1947
    Built
    County:
    Butte
    Property Description
    A great investment opportunity! This property features very limited turnover (once a year on average). In total there are 13 units with 12 studio apartments and one one bedroom (#13). At the southern most end of the building there is a storage shed not currently accessible by residents. All walkways and sidewalks have just been repainted and the parking lot is soon to be re-striped. Laundry facilities available to residents. There is plenty of space for all residents to park one vehicle per unit and off street parking available if needed. As an option, the property could be sold as a package with the neighboring lot, 2568 Esplanade. The two lots and buildings total 19 units and make up Panama Springs Apartments. 2568 Esplanade features a laundry room on the eastern side of the building and a three bedroom unit/managers office on the western side. Please inquire about both lots if interested.
    Exterior Features

    Garage Spaces 0.00 Lot Features Garden Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes Roof Composition

    Interior Features

    Appliances Electric StoveFreezerGas OvenGas StoveGas Water HeaterRefrigerator 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 2+ Common WallsNo One Above Cooling Wall WindowElectric Cooling YN Yes Fireplace Features None Fireplace YN No Flooring CarpetVinyl Heating Wall HeaterNatural Gas Heating YN Yes Laundry Features Community Levels One Room Type All Bedrooms Down

    Property Features

    Accessibility Features Doors - Swing InNo Interior StepsParking Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cable Tv Expense 1825.00 Community Features CurbsSidewalks Country Us Electric Expense 14704.00 Elevation Units Feet Fuel Expense 0.00 Furniture Replacement Expense 0.00 Gardener Expense 1340.00 Gross Income 95880.00 Gross Scheduled Income 95880.00 Insurance Expense 3779.00 Land Lease YN No Laundry YN Yes Maintenance Expense 15156.00 Net Operating Income 41113.00 New Taxes Expense 4565.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 13 Number Wall AC 13 Number With Carpet 13 Number With Dishwasher 0 Number With Range 13 Number With Refrigerator 13 Operating Expense 54767.00 Other Expense 1144.00 Pest Control Expense 1237.00 Pool Expense 0.00 Professional Management Expense 6369.00 Rent Control YN No Security Expense 0.00 Senior Community YN No Sewer Conventional Septic Special Listing Conditions Standard Supplies Expense 0.00 Tenant Pays Cable Tv Total Actual Rent 7990.00 Total Expenses 54767.00 Trash Expense 311.00 Utilities Cable AvailablePhone AvailableSewer ConnectedWater Connected Water Sewer Expense 3427.00 Water Source Public Workmans Compensation Expense 910.00 Year Built Source Assessor

    Listing provided courtesy of Larry Ruby of Sheraton Investment Services.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-18T14:29:40.47. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
    Team Tami | Palm Realty Boutique
    7101 Playa Vista Dr.
    Playa Vista CA, 90094