363 Rio Lindo Avenue Chico, CA 95926

$3,100,000 Active

About the Property

20 - 3 bedroom, 2 bath units built as Northwood 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. All current tenants rents goes to $1000 per month as of 10/01/2018. New rents at $1100 per month. Note that resident manager pays no rent. Owner may carry with substantial down.

Property Information

Size 19,200 SqFt
Price/SqFt $161
Lot Size 1.01 Acres
Year Built 1990
Property Type Residential Income
Listing Number SN18193081
Listed 8/9/2018
Modified 8/9/2018
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
Fencing
  • Wood
Garage Spaces
  • 0.00
Gross Income
  • 198295.00
Gross Scheduled Income
  • 241800.00
Heating
  • Central Furnace
Levels
  • Two
Net Operating Income
  • 103867.00
Operating Expense
  • 94428.00
Parking Total
  • 40.00
Pool
  • None
Roofing
  • Composition
Spa
  • None
StoriesTotal
  • 2
Total Actual Rent
  • 198295.00
Total Expenses
  • 94428.00
Uncovered Spaces
  • 20.00
Views
  • Neighborhood
Water Source
  • Public
Tenant Pays
  • Electricity
  • Gas
Utilities
  • Sewer Connected
  • Water Connected
Flooring
  • Carpet
  • Laminate
  • Wood
Appliances
  • Dishwasher
  • Free Standing Range
  • Garbage Disposal
  • Refrigerator
Community Features
  • Curbs
  • Gutters
  • Sidewalks
  • Street Lighting