620 W Sacramento Avenue

    Chico, CA 95926
    • $2,050,000
    • STATUS: Active
    • ON SITE: 195 days
    • ID#: SN18073632
    UPDATED: 54 min ago
    $2,050,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,862
      SQFT
    • $173
      $/SQFT
    Type:
    Multi-Family
    Built:
    1984
    County:

    School Ratings & Info

    Description

    These great income producing investment properties with their zero percent vacancy factors are just a stone throw away from the CSUC campus. This well maintained apartment complex consists of 2 individual four plexes, each with their own separate parcel number and can be purchased together or separately. Both four plex are located next to each other, one at 620 W Sacramento Ave. and the other at 1019 Mechoopda. Both properties are identical to each other, each offering 4 units, each unit consists of 4 bedrooms and 2 baths. All the units have their own indoor laundry with side by side washer and dryer, refrigerator, dishwasher, garbage disposal, water heater, central heat and air. New roof was installed on both buildings in January of 2018. New dual pane windows were installed on 620 W Sacrament about 3 years ago and new dual pane windows in Mechoopda units on 20018. The new leases have started on 8/1/2017 and will be ending on 7/27/18. New granite counter tops, new kitchen cabinets and new carpeting in most of the units. Great opportunity to add to your investment portfolio!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-16T14:30:41.41. 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. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/82223062

    620 W Sacramento Avenue Chico, CA 95926

    • Price: $2,050,000
    • Status: Active
    • Updated: 54 min ago
    • ID#: SN18073632
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    11,862
    SQFT
    $173
    $/SQFT
    1984
    Built
    County:
    Butte
    Property Description
    These great income producing investment properties with their zero percent vacancy factors are just a stone throw away from the CSUC campus. This well maintained apartment complex consists of 2 individual four plexes, each with their own separate parcel number and can be purchased together or separately. Both four plex are located next to each other, one at 620 W Sacramento Ave. and the other at 1019 Mechoopda. Both properties are identical to each other, each offering 4 units, each unit consists of 4 bedrooms and 2 baths. All the units have their own indoor laundry with side by side washer and dryer, refrigerator, dishwasher, garbage disposal, water heater, central heat and air. New roof was installed on both buildings in January of 2018. New dual pane windows were installed on 620 W Sacrament about 3 years ago and new dual pane windows in Mechoopda units on 20018. The new leases have started on 8/1/2017 and will be ending on 7/27/18. New granite counter tops, new kitchen cabinets and new carpeting in most of the units. Great opportunity to add to your investment portfolio!
    Exterior Features

    Construction Materials Wood Siding Fence YN Yes Fencing Chain LinkWood Foundation Details Slab Garage Spaces 0.00 Lot Features LandscapedLawnNear Public TransitSprinkler SystemSprinklers Drip SystemSprinklers In FrontSprinklers On Side Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 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 DishwasherElectric OvenElectric RangeGarbage DisposalGas Water HeaterMicrowaveRefrigeratorVented Exhaust Fan 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 Walls Cooling CentralElectric Cooling YN Yes Fireplace Features None Fireplace YN No Flooring CarpetVinyl Heating Central FurnaceNatural Gas Heating YN Yes Interior Features Ceiling FanFormica CountersOpen Floor Plan Laundry Features Dryer IncludedWasher Included Levels Two Room Type AtticGreat RoomKitchenLaundry Window Features BlindsDouble Pane Windows

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Sidewalks Country Us Electric 220V In Laundry Electric Expense 720.00 Elevation Units Feet Gross Income 178560.00 Gross Scheduled Income 178560.00 Insurance Expense 5888.00 Land Lease YN No Laundry YN Yes Net Operating Income 140558.00 New Taxes Expense 0.00 Number Of Separate Electric Meters 10 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 10 Number Of Units Leased 8 Number With Dishwasher 8 Number With Disposal 8 Number With Range 8 Number With Refrigerator 8 Operating Expense 38002.00 Professional Management Expense 6000.00 Rent Control YN No Security Features Smoke Detector Senior Community YN No Special Listing Conditions Standard Total Expenses 38002.00 Trash Expense 3168.00 Utilities Cable Available Water Sewer Expense 360.00 Water Source Public Year Built Source Assessor Zoning R3

    Listing provided courtesy of Effie Khaki of Century 21 Select Real Estate, Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-16T14:30:41.41. 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. Licensed in the State of California, USA.
     
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