647 W 1st Avenue Chico, CA 95926
About the Property
Don't miss this value added opportunity at 108k/unit!! This property consists of 2 parcels, 647 & 705 W 1st Ave just blocks from CSUC. Both are near identical 6 unit buildings (12 units total). They can be financed together or separate. Each parcel has 4x 2bed/1bath and 2x studio units. Studios are located in front detached buildings, all other units are in the rear. With improvements all units can be brought to market rates which is estimated at $695/mo (studios) and $850/mo (2bedrooms). See full financial analysis in associated documents. Property has an unused laundry room, 3 storage rooms and open space between mirror properties. Some units have upgrades such as laminate floor.
Property Information
| Size | 8,288 SqFt |
|---|---|
| Price/SqFt | $156 |
| Lot Size | 0.38 Acres |
| Year Built | 1965 |
| Property Type | Residential Income |
| Zoning | R3 |
| Listing Number | SN19008770 |
| Listed | 1/11/2019 |
|---|---|
| Modified | 1/11/2019 |
| Listing Agent | Ryan Vaught |
| Listing Office | Ryno Company |
| Total Building | 4 |
| Total Units | 12 |
Property Features
- 12
- 12
- 2
- Urban
- 0.00
- 8884.00
- 106608.00
- Two
- 64166.00
- 39244.00
- None
- Public Sewer
- 2
- 39244.00
- Public
Listed by Ryan Vaught of Ryno Company. Listing data last updated 1/22/2019 at 4:19 AM PST.
Based on information from California Regional Multiple Listing Service, Inc. as of 1/11/2019 4:04 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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