47 Tara Terrace Chico, CA 95973
About the Property
INCREDIBLE RESIDENTIAL INCOME INVESTMENT OPPORTUNITY! Centrally located, in a great neighborhood, close to shopping, a main bike path, and public transportation, the Subject Property consists of 21 individual duplexes, situated on 20 contiguous, separate legal parcels, all connected to City services, on its’ own street/loop, with no HOA. Built in the late 80’s, (with the exception of a couple newer units), and owned by the same family since new, the Subject has a balanced mix of both one story and two story buildings , and units vary in size and configuration: 20 units are 2 bed/1.5 bath, 18 units are 2 bed/1 bath, 1 unit is 3 bed/2.5 baths and 3 units are 3 bed/1.5 baths. There is also a nicely upgraded, 2-story Managers unit, that consists of 3 beds /2.5 baths, open living space, and a small office with its’ own private entrance and attached storage room used for conducting the property management duties for the complex. All Units have enclosed garages with washer/dryer hookups. Units have central heat and air, mature landscaping, and front and back yards. Currently fully leased, with a history of long-term tenants, low vacancy rates and regular maintenance makes this an extremely rare offering, and amazing investment opportunity.
Property Information
| Size | 41,776 SqFt |
|---|---|
| Price/SqFt | $152 |
| Lot Size | 4.5 Acres |
| Year Built | 1988 |
| Property Type | Residential Income |
| Listing Number | SN18071836 |
| Listed | 3/27/2018 |
|---|---|
| Modified | 2/1/2019 |
| Listing Agent | Rodney Krebs |
| Listing Office | Coldwell Banker/DuFour |
| Total Building | 21 |
| Total Units | 42 |
Property Features
- 42
- 42
- 42
- 21
- Drywall Walls
- Central
- 220V In Garage
- Rain Gutters
- None
- 42.00
- 464935.00
- 464935.00
- Central Furnace
- One
- 178260.00
- 42.00
- None
- Composition
- Public Sewer
- None
- Neighborhood
- Public
- Average Condition
- Wood
- All Utilities
- See Remarks
- Carpet
- Laminate
- Vinyl
- Electric Oven
- Electric Range
- Garbage Disposal
- Gas Water Heater
- Refrigerator
- Curbs
- Gutters
- Sidewalks
- Storm Drains
- Street Lighting
- Electricity Connected
- Natural Gas Connected
- Phone Connected
- Sewer Connected
- Underground Utilities
- Water Connected
Listed by Rodney Krebs and Brian Littrell of Coldwell Banker/DuFour. Listing data last updated 4/18/2024 at 7:38 AM PDT.
Based on information from California Regional Multiple Listing Service, Inc. as of 2/1/2019 8:09 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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