1212 W Sacramento Avenue Chico, CA 95926

$2,900,000 Active

About the Property

Drive by and check out the WoodGlenn Apartment Complex near Chico State. This property is a fully leased 16- unit investment opportunity that consists of two buildings that have been extremely well maintained. All the apartments are nicely configured 3 bed/2 bath units and each are equipped with their own washer/dryer and private out door space. There is a conveniently located bus stop directly in front of the building that tenants use to get to Chico state and Butte College; in addition there is plenty of off street parking. The tenant base is very happy, and the vacancy factor has been historically very low. Recently, both buildings have been freshly painted on the exterior with all new iron railings on the patios and balconies. One of the buildings has a newer roof and the other building's roof is currently scheduled to be replaced.

Property Information

Size 11,568 SqFt
Price/SqFt $251
Lot Size 0.986 Acres
Year Built 1991
Property Type Residential Income
Listing Number SN18024540
Listed 2/2/2018
Modified 2/2/2018
Listing Agent John Barroso
Listing Office Keller Williams Realty Chico A
Total Building 2
Total Units 16

Property Features

# Electric Meters
  • 16
# Gas Meters
  • 16
# Units Leased
  • 16
# Water Meters
  • 1
Cooling
  • Central
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 214920.00
Gross Scheduled Income
  • 214920.00
Heating
  • Central Furnace
Levels
  • Two
Net Operating Income
  • 131102.00
Operating Expense
  • 83818.00
Pool
  • None
Roofing
  • Composition
Spa
  • None
StoriesTotal
  • 2
Total Actual Rent
  • 17910.00
Total Expenses
  • 83818.00
Views
  • Neighborhood
Water Source
  • Public
Appliances
  • Electric Stove
  • Garbage Disposal
Community Features
  • Gutters
  • Sidewalks
Flooring
  • Carpet
  • Vinyl