2910 Morseman Avenue Chico, CA 95973

$750,000 Active

About the Property

Rare opportunity to own this tranquil, 8-unit compound that sits on one acre of lushly landscaped gardens. Seven units are currently rented, and have maintained occupancy for many years. The property features the following units: A ~1300 square-foot 3-bedroom 1-bath house with a hot tub, deck, hardwood floors, detached laundry room, storage shed, and a spacious shaded backyard. -Two 2-bedroom 1-bath units, each with a private yard -Three 1-bedroom 1-bath units, each with a private yard -A studio with a private yard Many of the units have recently been refreshed and remodeled. The property provides the feeling of a secluded community surrounded by a lush landscape of mature trees, 14 fruit trees, flowers, a community garden, and peaceful living. This is a one-of-a-kind property with a unique layout and abundant open space. NOTES: All info obtained through sources deemed reliable however accuracy cannot be guaranteed. Listing agent hasn’t verified seller disclosures, info provided by sellers or any public records. Buyers encouraged to investigate/verify all info & aspects of property & have inspections performed to satisfy self. Info of special interest to buyers should be obtained through independent verification.

Property Information

Size 8,000 SqFt
Price/SqFt $94
Lot Size 1 Acres
Year Built 1959
Property Type Residential Income
Zoning R2
Listing Number SN19003526
Listed 1/8/2019
Modified 1/16/2019
Listing Agent Kelli Smyth
Listing Office NextHome North Valley Realty
Total Building 6
Total Units 8

Property Features

# Electric Meters
  • 3
# Gas Meters
  • 3
# Units Leased
  • 7
# Water Meters
  • 1
Community Features
  • Rural
  • Central
Garage Spaces
  • 0.00
Gross Income
  • 81300.00
Gross Scheduled Income
  • 81300.00
  • Central Furnace
  • One
Net Operating Income
  • 60368.00
Operating Expense
  • 20932.00
  • None
  • Composition
  • Shared Septic
  • 1
Tenant Pays
  • Cable TV
Total Actual Rent
  • 6775.00
Total Expenses
  • 20932.00
Water Source
  • Public
  • Cable Connected
  • Water Connected
  • Courtyard
  • Neighborhood