620 W Sacramento Avenue Chico, CA 95926

$1,054,000 Closed

About the Property

Please Note: This property has been SOLD

This great income producing investment property with its zero percent vacancy factors are just a stone throw away from the CSUC campus. This well maintained apartment complex consists of a four plexe. Each unit is consists of 4 bedrooms and 2 baths. All the units have their own indoor laundry with side by side washer and dryer, refrigerator, dishwasher, garbage disposal, water heater, central heat and air. New roof was installed on this building in January of 2018. New dual pane windows were installed about 3 years ago. The new leases have started on 8/1/2018 and will be ending on 7/27/19. New granite counter tops, new kitchen cabinets and new carpeting in most of the units. Great opportunity to add to your investment portfolio!

Property Information

Size 5,670 SqFt
Price/SqFt $186
Lot Size 0.24 Acres
Year Built 1984
Property Type Residential Income
Zoning R3
Listing Number SN18073632
Listed 4/2/2018
Modified 2/15/2019
Listing Agent Effie Khaki
Listing Office Century 21 Select Real Estate, Inc.
Total Building 1
Total Units 4

Property Features

# Electric Meters
  • 4
# Gas Meters
  • 4
# Units Leased
  • 4
# Water Meters
  • 4
Community Features
  • Sidewalks
Construction Materials
  • Wood Siding
Electric
  • 220V In Laundry
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 89280.00
Gross Scheduled Income
  • 89280.00
Levels
  • Two
Net Operating Income
  • 71337.00
Operating Expense
  • 17943.00
Pool
  • None
Roofing
  • Composition
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 2
Total Expenses
  • 17943.00
Utilities
  • Cable Available
Views
  • Neighborhood
Water Source
  • Public
Cooling
  • Central
  • Electric
Fencing
  • Chain Link
  • Wood
Flooring
  • Carpet
  • Vinyl
Heating
  • Central Furnace
  • Natural Gas
Interior
  • Ceiling Fan
  • Formica Counters
  • Open Floor Plan
Appliances
  • Dishwasher
  • Electric Oven
  • Electric Range
  • Garbage Disposal
  • Gas Water Heater
  • Microwave
  • Refrigerator
  • Vented Exhaust Fan