719 Chestnut Street Chico, CA 95928

$2,360,000 Closed
  • Chestnut Street Apartments Chestnut Street Apartments
  • Chestnut Street Apartments
  • 705 Chestnut
  • 705 Chestnut
  • 705 Chestnut
  • 705 Chestnut
  • 705 Chestnut
  • 705 Chestnut
  • 705 Chestnut
  • 705 Chestnut
  • 705 Chestnut
  • 705 Chestnut
  • 447 W. 7th Street
  • 447 W. 7th Street
  • 447 W. 7th Street
  • 447 W. 7th Street
  • 447 W. 7th Street
  • 447 W. 7th Street
  • 447 W. 7th Street
  • 447 W. 7th Street
  • 447 W. 7th Street
  • 447 W. 7th Street
  • 447 W. 7th Street
  • 719 Chestnut Unit 1 & 2
  • 719 Chestnut Unit #1
  • 719 Chestnut Unit #1
  • 719 Chestnut Unit #1
  • 719 Chestnut Unit #1
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  • 719 Chestnut Unit #1
  • 719 Chestnut Unit #1
  • 719 Chestnut Unit #1
  • 719 Chestnut Unit #1
  • 719 Chestnut Unit #1
  • 719 Chestnut Unit #1
  • 719 Chestnut Unit #1
  • 719 Chestnut Unit #1
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  • 719 Chestnut Unit #2
  • 719 Chestnut Unit #2
  • 719 Chestnut Unit #2
  • 719 Chestnut Unit #2
  • 719 Chestnut Unit #2
  • 719 Chestnut Unit #2
  • 719 Chestnut Unit #2
  • 719 Chestnut Unit #2
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  • 719 Chestnut Unit 3 & 4
  • 719 Chestnut Unit #3
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  • 719 Chestnut Unit #3
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  • 719 Chestnut Unit #3
  • 719 Chestnut Unit #3
  • 719 Chestnut Unit #3

About the Property

Please Note: This property has been SOLD

Attention all investors! Are you looking for top-notch student property near CSU,Chico in the heart of downtown Chico? Look no further than this amazing income property, with not one, not two, but three buildings spread across two lots— For a whopping total of 24 bedrooms and 16 bathrooms! There’s 2 units in each building; with one building featuring 2 newer construction 4bed/4 bath units— That’s 6 upgraded units! Complete with granite counters, wood style plank flooring, and stainless appliances. 4 units are furnished with mini split heat/ac; great for roommates, so they can control the temperature in their own personal space. Plus tenants love the conveinence of having a washer/dryer in unit. All of this, within a stone's throw of local bus routes and just a hop, skip, and jump away from everything downtown has to offer, including CSU Chico, delicious eateries, and an array of shopping and convenience stores.

Property Information

Size 6,000 SqFt
Price/SqFt $393
Lot Size 0.18 Acres
Year Built 2019
Property Type Residential Income
Zoning R3
Listing Number SN23049947
Listed 3/29/2023
Modified 5/26/2023
Listing Agent Steve Depa
Listing Office Re/Max of Chico
Total Building 3
Total Units 6

Property Features

# Electric Meters
  • 6
# Gas Meters
  • 6
# Water Meters
  • 4
Community Features
  • Sidewalks
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 16770.00
Gross Scheduled Income
  • 213240.00
Levels
  • Two
Net Operating Income
  • 158244.00
Operating Expense
  • 54996.00
Pool
  • None
Price Pe rUnit
  • 425000
Sewer
  • Public Sewer
StoriesTotal
  • 2
Total Expenses
  • 54996.00
Water Source
  • Public