810 W 1st Avenue Chico, CA 95926

$2,495,000 Active

About the Property

This 17 unit property is just two blocks to Chico State University in a highly sought after neighborhood. The buildings were extensively updated with a new, contemporary look and feel. The 3 & 4 bedroom apartments have all new surfaces including cabinets, counter tops, carpet and tile flooring. There's a detached 2 bedroom manager's unit and an on-site shop with water and separate electrical meter. New roof, new energy efficient central hot water heater, and new pool equipment will help keep costs low. Professional management is already in place and will help make the transition smooth.

Property Information

Size 21,980 SqFt
Price/SqFt $114
Lot Size 0.989 Acres
Year Built 1965
Property Type Residential Income
Zoning R3
Listing Number SN17266207
Listed 11/30/2017
Modified 12/6/2017
Listing Agent Steven Depa
Listing Office Re/Max of Chico
Total Building 4
Total Units 17

Property Features

# Electric Meters
  • 18
# Gas Meters
  • 18
# Water Meters
  • 1
Community Features
  • Street Lighting
Cooling
  • Central
Garage Spaces
  • 0.00
Gross Income
  • 20065.00
Gross Scheduled Income
  • 240780.00
Heating
  • Central Furnace
Levels
  • One
Net Operating Income
  • 178159.00
Operating Expense
  • 62621.00
Pool
  • Community Pool
StoriesTotal
  • 2
Total Expenses
  • 62621.00
Water Source
  • Public