557 Nord Avenue Chico, CA 95926

$5,200,000 Closed

About the Property

Please Note: This property has been SOLD

BRAND NEW!! 18 THREE BEDROOM THREE BATH UNITS WITH GRANITE COUNTER TOPS, VINYL PLANK FLOORING, TANKLESS WATER HEATERS WITH FULL SIZE WASHERS AND DRYERS IN EVERY UNIT. APARTMENTS ALSO HAVE STAINLESS STEEL APPLIANCES AND 9 FOOT CEILINGS. LOCATED NEXT TO A MAIN BIKE PATH THAT RUNS TO THE HEART OF CAMPUS. ALL UNITS HAVE SEPARATE METERS INCLUDING WATER, GAS AND ELECTRIC. EVERYTHING IS UNDER WARRANTY AND CONSTRUCTION WAS COMPLETED IN AUGUST OF 2017. NOTE, EVERY BEDROOM HAS ITS OWN BATHROOM AND THIS IS A HUGE AMENITY FOR COLLEGE STUDENTS.

Property Information

Size 21,118 SqFt
Price/SqFt $246
Lot Size 1 Acres
Year Built 2017
Property Type Residential Income
Zoning R3
Listing Number SN17244691
Listed 10/26/2017
Modified 3/2/2018
Listing Agent Jim Aguilar
Listing Office Century 21 Jeffries-Lydon
Total Building 3
Total Units 18

Property Features

# Electric Meters
  • 19
# Gas Meters
  • 18
# Units Leased
  • 16
# Water Meters
  • 19
Accessibility Features
  • Doors - Swing In
Cooling
  • Central
Electric
  • Standard
Exterior
  • Rain Gutters
Fencing
  • Excellent Condition
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 388800.00
Gross Scheduled Income
  • 388800.00
Levels
  • Two
Net Operating Income
  • 300676.00
Operating Expense
  • 76460.00
Pool
  • None
Roofing
  • Composition
Spa
  • None
StoriesTotal
  • 2
Style
  • Contemporary
Total Actual Rent
  • 28800.00
Total Expenses
  • 76460.00
Views
  • Neighborhood
Water Source
  • Public
Flooring
  • Carpet
  • Vinyl
Heating
  • Central Furnace
  • Natural Gas
Utilities
  • Sewer Connected
  • Underground Utilities
  • Water Connected
Interior
  • Ceiling Fan
  • Granite Counters
  • High Ceilings (9 Feet+)
  • Recessed Lighting
Community Features
  • Gutters
  • Sidewalks
  • Storm Drains
  • Street Lighting
  • Urban
Construction Materials
  • Blown Insulation
  • Drywall Walls
  • HardiPlank Type
  • Lap Siding
  • Stucco
Tenant Pays
  • Cable TV
  • Electricity
  • Gas
  • Sewer
  • Water
Appliances
  • Dishwasher
  • Free Standing Range
  • Garbage Disposal
  • Gas Water Heater
  • Ice Maker
  • Microwave
  • Refrigerator
  • Tankless Water Heater