648 W 2nd Avenue Chico, CA 95926

$1,725,000 Pending

About the Property

9 HUGE 3 BEDROOM 2 BATH UNITS, 1482 SQUARE FEET PER UNIT WITH WASHER AND DRYER. EVERY UNIT HAS ITS OWN WATER METER, GAS METER AND ELECTRIC METER. LOCATED VERY CLOSE TO THE UNIVERSITY IN A STUDENT NEIGHBORHOOD WITH AN EASY WALK OR BIKE RIDE TO CAMPUS. WELL MAINTAINED MATURE LANDSCAPING. ALL UNITS ARE TOWNHOUSES WITH OFF STREET PARKING. WELL MAINTAINED UNITS WITH EXCELLENT RENTAL HISTORY AND PROFESSIONAL MANAGEMENT.

Property Information

Size 13,338 SqFt
Price/SqFt $129
Lot Size 0.519 Acres
Year Built 1990
Property Type Residential Income
Zoning R3
Listing Number SN18064088
Listed 3/21/2018
Modified 4/6/2018
Listing Agent Jim Aguilar
Listing Office Century 21 Jeffries-Lydon
Total Building 1
Total Units 9

Property Features

# Electric Meters
  • 10
# Gas Meters
  • 10
# Units Leased
  • 9
# Water Meters
  • 10
Accessibility Features
  • Parking
Construction Materials
  • Stucco
Cooling
  • Central
Electric
  • Electricity - On Property
Fencing
  • Average Condition
Fireplace
  • None
Flooring
  • Carpet
Garage Spaces
  • 0.00
Gross Income
  • 140400.00
Gross Scheduled Income
  • 140400.00
Heating
  • Central Furnace
Interior
  • Ceiling Fan
Levels
  • Two
Net Operating Income
  • 88522.20
Operating Expense
  • 47665.80
Pool
  • None
Roofing
  • Composition
Sewer
  • Unknown
Spa
  • None
StoriesTotal
  • 2
Style
  • Contemporary
Total Actual Rent
  • 11700.00
Total Expenses
  • 36744.30
Utilities
  • Water Connected
Views
  • Neighborhood
Water Source
  • Public
Community Features
  • Curbs
  • Gutters
  • Urban
Appliances
  • Dishwasher
  • Free Standing Range
  • Microwave
  • Refrigerator