1340 W 4th Street Chico, CA 95928

$1,250,000 Active

About the Property

This premier student property consists of 4 recently upgraded luxury units located near CSU Chico and downtown Chico, CA. These 4 bedroom 2 bath units feature granite counters, wood style plank flooring, and laundry rooms with washer/dryers. Units have kitchens equipped with range, microwave, stove and refrigerator. Property is near bus routes, and within a short distance to downtown, CSU Chico, restaurants, shopping and convenience stores. Market rent for all units is $2,195. Private financing can be assumed for $465k at 5%. Property has been professionally managed by Locale Residential and they are willing to stay on for the buyer if desired.

Property Information

Size 5,600 SqFt
Price/SqFt $223
Lot Size 0.28 Acres
Year Built 1991
Property Type Residential Income
Zoning R3
Listing Number SN21027857
Listed 2/12/2021
Modified 2/17/2021
Listing Agent James Lowe
Listing Office Ryno Company
Total Building 1
Total Units 4

Property Features

# Electric Meters
  • 4
# Gas Meters
  • 4
# Units Leased
  • 4
# Water Meters
  • 4
Cap Rate
  • 4.97
Electric
  • Standard
Fencing
  • None
Flooring
  • Laminate
Garage Spaces
  • 0.00
Gross Income
  • 99960.00
Gross Operating Income
  • 99960.00
Gross Scheduled Income
  • 102000.00
Heating
  • Central
Levels
  • Two
Net Operating Income
  • 62163.00
Operating Expense
  • 37797.00
Pool
  • None
Price Pe rUnit
  • 312500
Roofing
  • Asphalt
Sewer
  • Public Sewer
StoriesTotal
  • 2
Style
  • Traditional
Total Actual Rent
  • 8500.00
Total Expenses
  • 35297.00
Water Source
  • Public
Accessibility Features
  • 32 Inch Or More Wide Doors
  • 36 Inch Or More Wide Halls
  • Doors - Swing In
Construction Materials
  • Drywall Walls
  • Glass
  • Stucco
Cooling
  • Central Air
  • Electric
  • Gas
Interior
  • Ceiling Fan(s)
  • Granite Counters
  • Open Floorplan
  • Partially Furnished
Tenant Pays
  • Cable TV
  • Electricity
  • Gas
  • Telephone
  • Water
Fireplace
  • Bath
  • Kitchen
  • Living Room
  • Electric
  • Gas
  • Blower Fan
Community Features
  • Biking
  • Curbs
  • Dog Park
  • Park
  • Sidewalks
  • Storm Drains
  • Street Lights
  • Urban
Appliances
  • Built-In Range
  • Self Cleaning Oven
  • Dishwasher
  • Electric Oven
  • Electric Range
  • Electric Cooktop
  • Microwave
  • Refrigerator
  • Vented Exhaust Fan
  • Water Heater
Utilities
  • Cable Available
  • Cable Connected
  • Electricity Available
  • Electricity Connected
  • Natural Gas Available
  • Natural Gas Connected
  • Phone Available
  • Sewer Available
  • Sewer Connected
  • Water Available
  • Water Connected