186 E Shasta Avenue Chico, CA 95973

$3,495,000 Pending

About the Property

Shasta East is a duplex community consisting of 2 bedroom 1 bath units. Each unit has individual indoor laundry, an over sized one car garage and a spacious fenced yard. These units enjoy near 100% occupancy with many long term tenants. Current owners have been upgrading units on a turnover basis. Property offers significant upside by moving rents to market as well as the ability to add amenities to the under utilized areas of the property.

Property Information

Size 24,640 SqFt
Price/SqFt $142
Lot Size 2.98 Acres
Year Built 1978
Property Type Residential Income
Zoning R3
Listing Number SN18228896
Listed 9/19/2018
Modified 11/19/2018
Listing Agent Matthew Depa
Listing Office Re/Max of Chico
Total Building 14
Total Units 28

Property Features

# Electric Meters
  • 30
# Gas Meters
  • 30
# Water Meters
  • 2
Community Features
  • Sidewalks
Garage Spaces
  • 28.00
Gross Income
  • 27850.00
Gross Scheduled Income
  • 334200.00
Heating
  • Central Furnace
Levels
  • One
Net Operating Income
  • 256459.00
Operating Expense
  • 77741.00
Parking Total
  • 28.00
Pool
  • None
Sewer
  • Conventional Septic
StoriesTotal
  • 1
Total Expenses
  • 77741.00
Water Source
  • Public