720 W 2nd Avenue Chico, CA 95926

$2,295,000 Active

About the Property

5% Seller Financing! 8 units total. Three five bedroom units and 4 Four bedroom units along with a one bedroom one bath unit. Large townhouse units with washers and dryers. Each unit has a separate water, gas and electric meters. Very well maintained and close to the university. No vacancies. Appointment only! Do not bother tenants!

Property Information

Size 11,500 SqFt
Price/SqFt $200
Lot Size 0.52 Acres
Year Built 1996
Property Type Residential Income
Zoning R3
Listing Number SN24008587
Listed 1/17/2024
Modified 1/23/2024
Listing Agent Jim Aguilar
Listing Office Century 21 Select Real Estate, Inc.
Total Building 2
Total Units 8

Property Features

# Electric Meters
  • 8
# Gas Meters
  • 7
# Units Leased
  • 8
# Water Meters
  • 8
Cap Rate
  • 5.00
Community Features
  • Urban
Cooling
  • Central Air
Electric
  • Electricity - On Property
Fencing
  • Average Condition
Fireplace
  • Living Room
Garage Spaces
  • 0.00
Gross Scheduled Income
  • 192420.00
Levels
  • Two
Net Operating Income
  • 115452.00
Operating Expense
  • 76968.00
Pool
  • None
Price Pe rUnit
  • 286875
Roofing
  • Composition
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 2
Style
  • Contemporary
Total Actual Rent
  • 16035.00
Total Expenses
  • 76968.00
Views
  • Neighborhood
Water Source
  • Public
Construction Materials
  • Concrete
  • Stucco
Heating
  • Central
  • Natural Gas
Interior
  • Ceiling Fan(s)
  • Formica Counters
Flooring
  • Carpet
  • Laminate
  • Tile
Tenant Pays
  • Electricity
  • Gas
  • Sewer
  • Water
Appliances
  • Dishwasher
  • Disposal
  • Range Hood
  • Refrigerator
  • Water Heater
Utilities
  • Cable Connected
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected