550 Flying V Street Chico, CA 95928

$2,115,000 Closed

About the Property

Please Note: This property has been SOLD

Boson Square is an 8-unit multifamily property located 550 Flying V Street in Chico, CA. Constructed in 2003, the property is comprised of sizable two-bedroom one-and-one-half bathroom townhouse style floor plans spanning 950 SF and equipped with full size washers and dryers. The property also boasts a durable stucco exterior, pitched composition shingle roof, direct access garages and individual water/sewer meters, allowing for minimal utility costs going forward. The acquisition of Boston Square provides the opportunity to own a turnkey, immaculately maintained property on a quiet street with immediate upside in rents.

Property Information

Size 7,600 SqFt
Price/SqFt $278
Lot Size 0.61 Acres
Year Built 2003
Property Type Residential Income
Listing Number SN23089160
Listed 5/22/2023
Modified 7/14/2023
Listing Agent Spencer Moyer
Listing Office Alive Commercial Real Estate
Total Building 2
Total Units 8

Property Features

# Electric Meters
  • 8
# Gas Meters
  • 8
# Water Meters
  • 8
Garage Spaces
  • 8.00
Gross Income
  • 143986.00
Gross Operating Income
  • 143986.00
Gross Scheduled Income
  • 148440.00
Heating
  • Central
Levels
  • Two
Net Operating Income
  • 92943.00
Operating Expense
  • 51043.00
Parking Total
  • 8.00
Pool
  • None
Price Pe rUnit
  • 284375
Sewer
  • Public Sewer
StoriesTotal
  • 2
Total Expenses
  • 51043.00
Water Source
  • Public
Community Features
  • Biking
  • Foothills
  • Hiking
  • Suburban