Sale includes both 2805 and 2811 Morseman Avenue two separate parcel numbers (007-200-009 & 007-200-008). This sale is subject to 1031 Tax deferred exchange, seller is currently in escrow with replacement property. Extremely well-maintained 10 units, all 3 bedroom 1 bath, inside laundry, back yards and 1 car garages. Superb investment in todays market providing a 6.17% Cap Rate at list price. All units are on month-to-month leases except one. Each parcel has 2 duplexes and one single detached unit, totaling 5 units per parcel. Rents stated reflect nominal rental increase beginning July 1st 2019.
|Lot Size||0.5 Acres|
|Property Type||Residential Income|
|Listing Agent||Ken Winslow|
|Listing Office||Keller Williams Realty Chico Area|
Listed by Ken Winslow of Keller Williams Realty Chico Area. Listing data last updated 6/20/2019 at 11:07 AM PDT.
Based on information from California Regional Multiple Listing Service, Inc. as of 5/30/2019 3:18 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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