724 W 2nd Avenue Chico, CA 95926

$600,000 Closed

About the Property

Please Note: This property has been SOLD

This property consists of 11 units located in Chico CA. The property has a 3 bedroom 1 bath home in front, with apartments in the rear. All 10 apartments are three bedrooms, one bath units and consist of both upstairs and downstairs units. A laundry room is shared by all units located between the house and the apartments. Units have full kitchens equipped with dishwasher, range, stove and refrigerator. Property is located less than one mile from California State University Chico, which is approximately a 10 minute walk to campus. Property is near bus routes, and within a short bike or walking distance to downtown Chico.

Property Information

Size 11,504 SqFt
Price/SqFt $52
Lot Size 0.52 Acres
Year Built 1983
Property Type Residential Income
Listing Number CH12031850
Listed 3/8/2012
Modified 9/17/2012
Listing Agent Ryan Vaught
Listing Office Ryan Vaught Real Estate
Total Building 2
Total Units 11

Property Features

# Electric Meters
  • 11
# Gas Meters
  • 11
# Units Leased
  • 0
# Water Meters
  • 11
Cap Rate
  • 7.96
Construction Materials
  • Other
Cooling
  • Central Air
Garage Spaces
  • 0.00
Gross Income
  • 8200.00
Gross Scheduled Income
  • 98400.00
Heating
  • Central
Levels
  • Two
Net Operating Income
  • 51740.00
Operating Expense
  • 39772.00
Parking Total
  • 19.00
Style
  • Contemporary
Total Actual Rent
  • 8000.00
Appliances
  • Dishwasher
  • Microwave
  • Refrigerator
Tenant Pays
  • Cable TV
  • Electricity
  • Gas

Price History

Date From To Change
9/17/2012 $650,000 $600,000 ($50,000)