2805 Morseman Avenue Chico, CA 95973

$1,250,000 Closed

About the Property

Please Note: This property has been SOLD

Recently upgraded 10 unit apartment complex, conveniently located near restaurants and shopping. In this one of a kind property, all units have garages (with new garage doors and openers installed), backyards (with recently installed new decking) and inside laundry. All building exteriors have been repaired with new paint on all surfaces and trim. The property is located on two street addresses (2805 & 2811 Morseman Ave) and two parcel numbers (007-200-009 & 007-200-008).

Property Information

Size 13,541 SqFt
Price/SqFt $92
Lot Size 0.5 Acres
Year Built 1985
Property Type Residential Income
Listing Number CH15101118
Listed 4/20/2015
Modified 10/28/2015
Listing Agent Phil Larios
Listing Office Hignell Incorporated
Total Building 6
Total Units 10

Property Features

# Electric Meters
  • 10
# Gas Meters
  • 10
# Units Leased
  • 10
# Water Meters
  • 10
Accessibility Features
  • 2+ Access Exits
Construction Materials
  • Other
Fencing
  • Good Condition
Fireplace
  • None
Garage Spaces
  • 10.00
Gross Income
  • 11250.00
Gross Scheduled Income
  • 130620.00
Levels
  • Two
Net Operating Income
  • 65229.00
Operating Expense
  • 3162.00
Parking Total
  • 16.00
Pool
  • None
Roofing
  • Shingle
Total Actual Rent
  • 10885.00
Water Source
  • Public
Community Features
  • Street Lights
  • Suburban
Cooling
  • Central Air
  • Electric
Electric
  • 220 Volts in Laundry
  • Electricity - On Property
Flooring
  • Carpet
  • Vinyl
Heating
  • Central
  • Natural Gas
Tenant Pays
  • Cable TV
  • Electricity
  • Gas
Utilities
  • Cable Available
  • Sewer Connected
  • Phone Connected
  • Water Connected
Appliances
  • Dishwasher
  • Gas Cooktop
  • Range Hood
  • Refrigerator
  • Water Heater
Interior
  • Balcony
  • Ceiling Fan(s)
  • Laminate Counters
  • Sunken Living Room
  • Unfurnished

Price History

Date From To Change
10/28/2015 $1,350,000 $1,250,000 ($100,000)
9/12/2015 $1,500,000 $1,350,000 ($150,000)