2166 Shoshone Avenue Chico, CA 95926

$1,500,000 Closed

About the Property

Please Note: This property has been SOLD

This complex consists of seven duplex's with 14-2 bedroom one bath units on four lots. They were just hooked up to the city sewer. All but one roof has been replaced over the past few years, rents are well below market. There are 3 buildings on Algonquin Ave and 3 buildings on Shoshone and 1 on W 12th. This sale will be contingent upon Seller being able to complete a 1031 Exchange, the Seller has his replacement property in contract.

Property Information

Size 11,120 SqFt
Price/SqFt $135
Lot Size 1.5 Acres
Year Built 1973
Property Type Residential Income
Zoning R1
Listing Number SN18120655
Listed 5/22/2018
Modified 8/31/2018
Listing Agent Bill Chance
Listing Office Bill Chance Realty
Total Building 7
Total Units 14

Property Features

# Electric Meters
  • 17
# Gas Meters
  • 14
# Units Leased
  • 14
# Water Meters
  • 7
Carport Spaces
  • 14.00
Community Features
  • Urban
Cooling
  • Central
Fencing
  • Wood
Garage Spaces
  • 0.00
Gross Income
  • 124318.00
Gross Scheduled Income
  • 124318.00
Heating
  • Central Furnace
Levels
  • One
Net Operating Income
  • 66119.00
Operating Expense
  • 58199.00
Parking Total
  • 14.00
Pool
  • None
Roofing
  • Composition
StoriesTotal
  • 1
Total Actual Rent
  • 10350.00
Total Expenses
  • 42177.00
Utilities
  • Sewer Connected
Water Source
  • Public