1166 Hobart Street Chico, CA 95926

$1,000,000 Closed

About the Property

Please Note: This property has been SOLD

1166 Hobart Street is a turn-key fourplex ideally located in the heart of Chico, CA. Most notably, the property is walking distance to CSUC (0.5 miles) and Enloe Hospital (0.4 mi), allowing for flexibility in student and non student rental demand. The building is comprised of (four) four-bedroom, two-bathroom floor plans boasting 1,363 SF each with sizable back yards. The property's strong operating history, recent capital improvements and below market rents will allow a new owner the ability to take ownership of a turn-key building and move rents to market without the headache of major renovations. Contact listing agent for full offering memorandum.

Property Information

Size 5,452 SqFt
Price/SqFt $183
Lot Size 0.22 Acres
Year Built 1983
Property Type Residential Income
Zoning R3
Listing Number SN22243269
Listed 11/7/2022
Modified 2/1/2023
Listing Agent Spencer Moyer
Listing Office Alive Commercial Real Estate
Total Building 1
Total Units 4

Property Features

# Electric Meters
  • 4
# Gas Meters
  • 4
# Water Meters
  • 1
Cap Rate
  • 5.62
Garage Spaces
  • 0.00
Gross Income
  • 85749.00
Gross Scheduled Income
  • 83700.00
  • Two
Net Operating Income
  • 55636.00
Operating Expense
  • 30112.00
  • None
Price Pe rUnit
  • 247500
  • Unknown
Total Expenses
  • 30122.00
Water Source
  • Public
Community Features
  • Biking
  • Foothills