363 Rio Lindo Avenue Chico, CA 95926

$3,000,000 Closed

About the Property

Please Note: This property has been SOLD

20 - 3 bedroom, 2 bath units built as Condominiums. Units upgraded as they become available. Several long term tenants. Mostly granite countertops and pergo in living room. All with inside laundry with washer and dryer, one covered and one uncovered parking space. Gated access to biking/walking path between airport and downtown. All have outside patios. Interior sprinklered. New rents at $1100 per month. Note that resident manager pays no rent.

Property Information

Size 19,200 SqFt
Price/SqFt $156
Lot Size 1.01 Acres
Year Built 1990
Property Type Residential Income
Listing Number SN18193081
Listed 8/9/2018
Modified 12/4/2019
Listing Agent Michael Connolly
Listing Office Michael Connolly
Total Building 3
Total Units 20

Property Features

# Electric Meters
  • 20
# Gas Meters
  • 20
# Units Leased
  • 0
# Water Meters
  • 1
Carport Spaces
  • 20.00
Cooling
  • Central Air
Fencing
  • Wood
Garage Spaces
  • 0.00
Gross Income
  • 216099.00
Gross Scheduled Income
  • 229800.00
Heating
  • Central
Levels
  • Two
Net Operating Income
  • 149771.00
Operating Expense
  • 80029.00
Parking Total
  • 40.00
Pool
  • None
Roofing
  • Composition
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 2
Total Actual Rent
  • 198295.00
Total Expenses
  • 80029.00
Uncovered Spaces
  • 20.00
Views
  • Neighborhood
Water Source
  • Public
Utilities
  • Sewer Connected
  • Water Connected
Flooring
  • Carpet
  • Laminate
  • Wood
Appliances
  • Dishwasher
  • Free-Standing Range
  • Disposal
  • Refrigerator
Community Features
  • Curbs
  • Gutters
  • Sidewalks
  • Street Lights
Tenant Pays
  • Cable TV
  • Electricity
  • Gas
  • Telephone