670 E 5th Avenue Chico, CA 95926

$600,000 Closed

About the Property

Please Note: This property has been SOLD

Well-maintained 8 unit apartment complex in central Chico location! Units have huge bedrooms and convenient parking access, making the property easy to rent. Units 1, 5, and 8 have potential for increased rent with the right updates. Other units have been recently updated with hardwood laminate, new carpet, and paint. New HVAC unit in unit #5 in July.

Property Information

Size 7,162 SqFt
Price/SqFt $84
Lot Size 0.28 Acres
Year Built 1960
Property Type Residential Income
Listing Number CH14216420
Listed 10/1/2014
Modified 11/7/2014
Listing Agent Adam Pearce
Listing Office Sheraton Investment Services
Total Building 1
Total Units 8

Property Features

# Electric Meters
  • 8
# Gas Meters
  • 8
# Units Leased
  • 8
Carport Spaces
  • 0.00
Garage Spaces
  • 0.00
Gross Income
  • 6050.00
Gross Scheduled Income
  • 72600.00
Levels
  • Two
Net Operating Income
  • 30984.00
Operating Expense
  • 41616.00
Parking Total
  • 8.00
Pool
  • None
Total Actual Rent
  • 6050.00
Utilities
  • Sewer Connected
Water Source
  • Public
Community Features
  • Curbs
  • Gutters
  • Sidewalks

Price History

Date From To Change
11/7/2014 $630,000 $600,000 ($30,000)