2568 Esplanade Chico, CA 95973

$495,000 Active Under Contract

About the Property

Property is a six unit multi unit featuring four studios, one one bedroom unit and a large three bedroom unit. Also included is a spacious laundry room with washer and dryer included inside. This property rarely sees turnover as most all residents have been long term. Property is easily visible from the Esplanade and near shopping and restaurants. In addition to the six units at 2568 Esplanade there is the option to purchase the neighboring 13 unit property, 155 Panama Avenue. Together these two lots make make up Panama Springs in an L shape behind the commercial building on the corner of Esplanade and Panama.

Property Information

Size 3,360 SqFt
Price/SqFt $147
Lot Size 0.16 Acres
Year Built 1950
Property Type Residential Income
Listing Number SN19121026
Listed 5/20/2019
Modified 12/18/2019
Listing Agent Bradley Williams
Listing Office Sheraton Investment Services
Total Building 1
Total Units 6

Property Features

# Electric Meters
  • 1
# Gas Meters
  • 1
# Water Meters
  • 1
Carport Spaces
  • 0.00
Community Features
  • Sidewalks
Cooling
  • Wall/Window Unit(s)
Garage Spaces
  • 0.00
Gross Income
  • 51000.00
Gross Scheduled Income
  • 51000.00
Heating
  • Wall Furnace
Levels
  • One
Net Operating Income
  • 31548.00
Operating Expense
  • 19452.00
Parking Total
  • 2.00
Pool
  • None
Sewer
  • Conventional Septic
Total Expenses
  • 19452.00
Uncovered Spaces
  • 2.00
Water Source
  • Public