2300 Notre Dame Boulevard Chico, CA 95928

$1,065,360 Active

About the Property

Stellar is the word to describe this investment opportunity! Centrally located near shopping, public transportation, and Butte College Chico location. This 8 unit complex, each consist of 2 bedrooms 1 bath with features: central heating and air in all units, dishwashers, garbage disposals, refrigerators, ceiling fans & patios. Many upgrades as units have turned over to include upgraded appliances, tile shower enclosures, laminate flooring, new kitchen & bath cabinets, and new counter tops. Fully leased with solid long term rental history, many long term tenants. Laundry room all tenants have access to, and off street parking. Owner's have taken really good care of this property and it shows, with regular maintenance, both fences with adjacent properties have been replaced in the last two years. The rents are lower than market due to long term tenancy, the pro forma makes this truly a stellar rare investment opportunity!

Property Information

Size 6,862 SqFt
Price/SqFt $155
Lot Size 0.389 Acres
Year Built 1985
Property Type Residential Income
Zoning R3
Listing Number SN18182616
Listed 7/30/2018
Modified 8/10/2018
Listing Agent Kimberly Higby
Listing Office Chico Real Estate Management
Total Building 1
Total Units 8

Property Features

# Electric Meters
  • 9
# Gas Meters
  • 9
# Units Leased
  • 8
# Water Meters
  • 1
Cap Rate
  • 3.60
Community Features
  • Sidewalks
Construction Materials
  • Stucco
Cooling
  • Central
Electric
  • Electricity - On Property
Exterior
  • Rain Gutters
Fencing
  • Wood
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 69651.00
Gross Operating Income
  • 69651.00
Gross Scheduled Income
  • 69651.00
Heating
  • Central Furnace
Levels
  • Two
Net Operating Income
  • 38381.00
Operating Expense
  • 31270.00
Other Structures
  • Shed(s)
Pool
  • None
Roofing
  • Composition
Spa
  • None
StoriesTotal
  • 2
Total Actual Rent
  • 68325.00
Total Expenses
  • 31270.00
Views
  • Neighborhood
Water Source
  • Public
Interior
  • Balcony
  • Ceiling Fan
Tenant Pays
  • Electricity
  • Gas
Flooring
  • Carpet
  • Laminate
  • Vinyl
Utilities
  • Cable Available
  • Sewer Connected
  • Water Connected
Appliances
  • Dishwasher
  • Electric Oven
  • Electric Stove
  • Garbage Disposal
  • Gas Water Heater
  • Refrigerator