180 E 1st Avenue Chico, CA 95926

$572,000 Closed

About the Property

Please Note: This property has been SOLD

Well maintained 8-unit apartment complex. 2 separate buildings with partial covered garage parking. Units include 1-3 bedroom unit, 6-2 bedroom units and 1-1 bedroom unit. Total monthly rents $4,685. Total annual rents $56,220. Apartment units have F/A heating and air, w-w carpets, tubs with showers, vinyl kitchen and bathroom floors, partial garage parking. Complex has laundry room with washer and dryer, outside patio area and landscaped common area with grass and trees. Great location close to downtown. Assumable first trust deed financing in the amount of $331,000.

Property Information

Size 6,920 SqFt
Price/SqFt $83
Lot Size 0.25 Acres
Year Built 1967
Property Type Residential Income
Listing Number CH12022969
Listed 2/20/2012
Modified 4/27/2012
Listing Agent Frank Zebley
Listing Office Zebley & Associates
Total Building 2
Total Units 8

Property Features

# Electric Meters
  • 8
# Gas Meters
  • 8
# Units Leased
  • 8
# Water Meters
  • 8
Electric
  • Electricity - On Property
Fireplace
  • None
Garage Spaces
  • 5.00
Gross Income
  • 4685.00
Gross Scheduled Income
  • 56220.00
Interior
  • Storage
Levels
  • Two
Net Operating Income
  • 46220.00
Operating Expense
  • 10000.00
Parking Total
  • 20.00
Pool
  • None
Roofing
  • Composition
Sewer
  • Sewer Paid
Spa
  • None
Style
  • Contemporary
Total Actual Rent
  • 4685.00
Views
  • Neighborhood
Water Source
  • Public
Appliances
  • Gas Water Heater
  • Refrigerator
Cooling
  • Central Air
  • Electric
Exterior
  • Barbecue Private
  • Lighting
Flooring
  • Carpet
  • Vinyl
Heating
  • Forced Air
  • Natural Gas
Community Features
  • Curbs
  • Sidewalks
  • Street Lights
  • Storm Drains
Tenant Pays
  • Cable TV
  • Electricity
  • Gas
  • Water
Utilities
  • Cable Available
  • Natural Gas Available
  • Sewer Connected
  • Phone Connected
  • Water Connected

Price History

Date From To Change
4/27/2012 $599,000 $572,000 ($27,000)