632 W 2ND Avenue Chico, CA 95926

$990,000 Closed

About the Property

Please Note: This property has been SOLD

TWO A.P.#s and TWO addresses 632 & 634 W. 2nd ave. are being sold together. Rents are averaging $850.00 per month. Proforma rents are $197,000 annual. Close to downtown Chico and CSUC. Units are in excellent condition and professionally managed, pride of ownership. These particular units are in the heart of “college town� and are much desired for investors. The two individual subject properties consist of 10 units each, totaling 20 units. Each unit consists of 3 bed 2 baths approximately 1,000 sq. ft. each. The buildings are situated on a 1.01 gross acre parcel. Large overflow parking available.

Property Information

Size 20,256 SqFt
Price/SqFt $49
Lot Size 1.01 Acres
Year Built 1983
Property Type Residential Income
Zoning R3
Listing Number CH201110702
Listed 3/25/2011
Modified 9/29/2011
Listing Agent Ken Winslow
Listing Office KW Commercial North State
Total Building 2
Total Units 20

Property Features

# Electric Meters
  • 20
# Gas Meters
  • 20
# Water Meters
  • 1
Construction Materials
  • Stucco
Gross Income
  • 16396.00
Gross Scheduled Income
  • 196752.00
Heating
  • Central
Interior
  • Balcony
Levels
  • Two
Parking Total
  • 40.00
Roofing
  • Composition
Sewer
  • Conventional Septic