1 Klondike Court Chico, CA 95926

$575,000 Active

About the Property

1 & 2 Klondike Court, Located 2 blocks North of Chico State campus this 4 plex has upgraded 4 bedroom 2 bath units all leased until 6/30/2018. Units lease quickly and many are upgraded fully, or partially. Property has a solid rental history and has been professionally managed. Property cashflows well with 30% down, see included financials and proforma. Units are rented for an average of $1150 including water fees and rent. Neighboring Klondike units are leased for as much as $1350/mo.

Property Information

Size 5,376 SqFt
Price/SqFt $107
Lot Size 0.23 Acres
Year Built 1983
Property Type Residential Income
Listing Number SN17266591
Listed 11/30/2017
Modified 11/30/2017
Listing Agent Ryan Vaught
Listing Office Ryno Company
Total Building 2
Total Units 4

Property Features

# Electric Meters
  • 4
# Gas Meters
  • 4
# Units Leased
  • 4
# Water Meters
  • 2
Cap Rate
  • 5.59
Community Features
  • Urban
Fireplace
  • Living Room
Garage Spaces
  • 0.00
Gross Income
  • 4580.00
Gross Operating Income
  • 53861.00
Gross Scheduled Income
  • 54960.00
Heating
  • Central Furnace
Levels
  • Two
Net Operating Income
  • 32121.00
Operating Expense
  • 21740.00
Pool
  • None
Price Pe rUnit
  • 143750
StoriesTotal
  • 2
Total Actual Rent
  • 4580.00
Total Expenses
  • 21740.00
Water Source
  • Public
Tenant Pays
  • Cable TV
  • Electricity
  • Telephone