2688 White Avenue Chico, CA 95973

$675,000 Pending

About the Property

Turn-key GROWTH opportunity in Chico with a hard to find 4-plex! Current rents are below market rates, enabling future owner to increase rents and increase the value of this investment property. This 4-plex apartment building has GREAT Curb Appeal - following extensive interior and exterior renovations! Renovations include new: roof, carpet, 6-panel interior doors, brushed nickel handles, fixtures, faucets, 3-color exterior paint, 2-color interior paint, 3” baseboard, blown attic insulation, water heaters, seal coated parking lot, landscaping, 100 feet of new fencing (stained) and most 30" ovens are newer. Large 2 Bedroom Apartment leases include smoke free, drug free, pet free policies. Tenants enjoy parking privately behind building and walking to the movies and popular eateries close by.

Property Information

Size 3,640 SqFt
Price/SqFt $185
Lot Size 0.23 Acres
Year Built 1985
Property Type Residential Income
Zoning CITY
Listing Number TR20025050
Listed 2/4/2020
Modified 2/13/2020
Listing Agent Jonathan Minerick
Listing Office Homecoin.com
Total Building 1
Total Units 4

Property Features

# Electric Meters
  • 5
# Gas Meters
  • 5
# Units Leased
  • 4
# Water Meters
  • 1
Cap Rate
  • 5.80
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Operating Income
  • 45560.00
Gross Scheduled Income
  • 46020.00
Levels
  • Two
Net Operating Income
  • 39190.00
Operating Expense
  • 6370.00
Parking Total
  • 8.00
Pool
  • None
Price Pe rUnit
  • 168000
Roofing
  • Composition
Sewer
  • Public Sewer
StoriesTotal
  • 2
Total Actual Rent
  • 3835.00
Total Expenses
  • 6370.00
Uncovered Spaces
  • 8.00
Water Source
  • Public
Cooling
  • Central Air
  • Electric
Electric
  • Electricity - On Property
  • Standard
Fencing
  • New Condition
  • Wood
Flooring
  • Carpet
  • Vinyl
Community Features
  • Curbs
  • Sidewalks
  • Street Lights
Exterior
  • Awning(s)
  • Lighting
  • Rain Gutters
Heating
  • Central
  • Forced Air
  • Natural Gas
Tenant Pays
  • Cable TV
  • Electricity
  • Gas
  • Telephone
Construction Materials
  • Blown-In Insulation
  • Brick Veneer
  • Concrete
  • Drywall Walls
  • Stucco
  • Vertical Siding
  • Wood Siding
Utilities
  • Cable Available
  • Electricity Connected
  • Natural Gas Connected
  • Phone Connected
  • Sewer Connected
  • Underground Utilities
  • Water Connected
Appliances
  • Dishwasher
  • Electric Oven
  • Electric Cooktop
  • Gas Water Heater
  • Range Hood
  • Refrigerator
  • Vented Exhaust Fan
  • Water Heater