2910 Morseman Avenue Chico, CA 95973

$585,000 Pending

About the Property

Don’t miss this unique opportunity to purchase this multi-family property bursting with garden blooms and possibilities! There are 8 dwellings; 7 currently occupied with long term tenants on a month-to-month lease. Each unit has a private fenced yard, plenty of parking, and access to the gorgeous communal garden, featuring over 20 mature fruit trees, complete with picnic table & fire pit. Explore the idea of a new development, with the possibility of adding 16-22 units, develop a multigenerational compound, or keep it as is— The prospects are endless!

Property Information

Size 8,000 SqFt
Price/SqFt $73
Lot Size 1.53 Acres
Year Built 1959
Property Type Residential Income
Zoning R2
Listing Number SN21036601
Listed 2/22/2021
Modified 3/1/2021
Listing Agent Steve Depa
Listing Office Re/Max of Chico
Total Building 8
Total Units 8

Property Features

# Electric Meters
  • 5
# Gas Meters
  • 3
# Water Meters
  • 1
Community Features
  • Urban
Garage Spaces
  • 0.00
Gross Income
  • 7100.00
Gross Scheduled Income
  • 85200.00
Net Operating Income
  • 71152.00
Operating Expense
  • 14048.00
Pool
  • None
Sewer
  • Shared Septic
Total Expenses
  • 14048.00
Views
  • Neighborhood
Water Source
  • Public