811 W 2nd Avenue Chico, CA 95926

$1,025,000 Closed

About the Property

Please Note: This property has been SOLD

Currently in escrow but will accept back-up offers. Looking for a solid multi unit investment? Hidden Court is it! This meticulously maintained investment opportunity consists of six 1500 square foot 4 bedroom 2 bath townhouses and one studio located two blocks from CSU, Chico. Hidden Court has NEVER experienced a full semester vacancy with all leases for a 12 month term. Full off street parking with 24 spaces. It has been professionally managed with the same ownership since 1993. All townhouses include a fireplace, central heat and air, back patios, and much more! Laundry room and storage room on-site.

Property Information

Size 8,880 SqFt
Price/SqFt $115
Lot Size 0.51 Acres
Year Built 1984
Property Type Residential Income
Zoning CITY
Listing Number CH16733579
Listed 11/8/2016
Modified 2/16/2017
Listing Agent Larry Ruby
Listing Office Sheraton Investment Services
Total Building 2
Total Units 7

Property Features

# Electric Meters
  • 6
# Gas Meters
  • 6
# Units Leased
  • 7
# Water Meters
  • 1
Accessibility Features
  • Parking
Community Features
  • Street Lights
Construction Materials
  • Lap Siding
Cooling
  • Central Air
Exterior
  • Rain Gutters
Fencing
  • Chain Link
Fireplace
  • Family Room
Garage Spaces
  • 0.00
Gross Income
  • 97000.00
Gross Scheduled Income
  • 97000.00
Heating
  • Central
Levels
  • Two
Net Operating Income
  • 67000.00
Operating Expense
  • 30000.00
Parking Total
  • 24.00
Pool
  • None
Roofing
  • Composition
Sewer
  • Public Sewer
Style
  • Contemporary
Total Actual Rent
  • 8065.00
Total Expenses
  • 30000.00
Water Source
  • Public
Flooring
  • Carpet
  • Vinyl
Tenant Pays
  • Cable TV
  • Electricity
  • Gas
Utilities
  • Cable Available
  • Electricity Connected
  • Natural Gas Connected
Appliances
  • Electric Cooktop
  • Disposal
  • Gas Water Heater
  • Self Cleaning Oven
Interior
  • Ceiling Fan(s)
  • Laminate Counters
  • Open Floorplan
  • Storage

Price History

Date From To Change
2/16/2017 $1,050,000 $1,025,000 ($25,000)
12/21/2016 $1,150,000 $1,050,000 ($100,000)