1119 W Sacramento Avenue Chico, CA 95926

$1,600,000 Closed

About the Property

Please Note: This property has been SOLD

In a great neighborhood and only minutes from the heart of the city you will find this perfect investment property !! This complex consists of 3 buildings, plus an office . There are 7 units, each with 4 bedrooms and 2 baths. Each unit has a fire place in the living room, a bedroom and a bath downstairs with other 3 bedrooms and one bath upstairs. For the energy conservation and keeping the tenant's PG&E bill low, all the windows have been upgraded with dual pane windows. Each unit comes with its own individual heat and air units, the indoor laundry with side by side washer and dryer, refrigerator, dishwasher, garbage disposal and microwave. Just the facts, this one of a kind split level property has everything you want and some thing you haven't considered, but once you see them, they will be high on your want list. Some of the units have been upgraded with granite counters, new cabinets and one of the buildings has new roof. There's even a picnic perfect courtyard with mature trees, benches and BBQs for dining or just relaxation. All units are leased through 7/25/2018 at the rate of $ 1,620.00 except one, which is leased for $1,500.00 a month, however, the new lease for August 1st are being signed at the rate of $ 1760.00 a month. The vacancy factor is zero in this complex because the students love the location for its proximity to the CSUC, shopping, restaurants, public transportation and downtown. This is a great addition to your portfolio of investments !!!

Property Information

Size 9,688 SqFt
Price/SqFt $165
Lot Size 0.5 Acres
Year Built 1983
Property Type Residential Income
Zoning ASR
Listing Number SN18027965
Listed 2/6/2018
Modified 3/19/2018
Listing Agent Effie Khaki
Listing Office Century 21 Jeffries-Lydon
Total Building 3
Total Units 7

Property Features

# Electric Meters
  • 8
# Gas Meters
  • 8
# Units Leased
  • 7
# Water Meters
  • 8
  • Chain Link
  • Great Room
Garage Spaces
  • 0.00
Gross Income
  • 133200.00
Gross Scheduled Income
  • 133200.00
  • Two
Net Operating Income
  • 98831.00
Operating Expense
  • 34369.00
Other Structures
  • Storage
  • None
  • Composition
  • None
  • 2
Total Expenses
  • 34369.00
  • Cable Available
Water Source
  • Public
Construction Materials
  • Stucco
  • Wood Siding
  • Central
  • Electric
  • Lighting
  • Rain Gutters
  • Central Furnace
  • Natural Gas
  • Courtyard
  • Neighborhood
Community Features
  • Curbs
  • Gutters
  • Sidewalks
  • Carpet
  • Tile
  • Vinyl
  • Ceiling Fan
  • Formica Counters
  • Granite Counters
  • Dishwasher
  • Electric Oven
  • Electric Range
  • Garbage Disposal
  • Gas Water Heater
  • Microwave
  • Range/Stove Hood
  • Refrigerator
  • Vented Exhaust Fan