620 W Sacramento Avenue Chico, CA 95926

$2,050,000 Active

About the Property

These great income producing investment properties with their zero percent vacancy factors are just a stone throw away from the CSUC campus. This well maintained apartment complex consists of 2 individual four plexes, each with their own separate parcel number and can be purchased together or separately. Both four plex are located next to each other, one at 620 W Sacramento Ave. and the other at 1019 Mechoopda. Both properties are identical to each other, each offering 4 units, each unit 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 both buildings in January of 2018. New dual pane windows were installed on 620 W Sacrament about 3 years ago and new dual pane windows in Mechoopda units on 20018. The new leases have started on 8/1/2017 and will be ending on 7/27/18. 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 11,862 SqFt
Price/SqFt $173
Lot Size 0.239 Acres
Year Built 1984
Property Type Residential Income
Zoning R3
Listing Number SN18073632
Listed 4/2/2018
Modified 9/4/2018
Listing Agent Effie Khaki
Listing Office Century 21 Select Real Estate, Inc.
Total Building 2
Total Units 8

Property Features

# Electric Meters
  • 10
# Gas Meters
  • 8
# Units Leased
  • 8
# Water Meters
  • 10
Community Features
  • Sidewalks
Construction Materials
  • Wood Siding
Electric
  • 220V In Laundry
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 178560.00
Gross Scheduled Income
  • 178560.00
Levels
  • Two
Net Operating Income
  • 140558.00
Operating Expense
  • 38002.00
Pool
  • None
Roofing
  • Composition
Spa
  • None
StoriesTotal
  • 2
Total Expenses
  • 38002.00
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