811 W 2nd Avenue Chico, CA 95926

$1,775,000 Active

About the Property

Located on Hidden Court. A solid multi unit investment property. Consisting of 6 - 4 bedroom 2 bath townhouses, 1500 square feet, back patios1 studio apartment. Onsite laundry and storage room. Just blocks from CSU. Professionally managed, updates in some units, newer exterior paint, City of Chico Retrofit on file. Unit 3 & 5 are rented by the room at $425 per bedroom. All townhouses include fireplaces, central heat and air, fenced back patios. Off street parking with 24 spaces. Fully occupied and most tenants have signed extending leases for next school year.

Property Information

Size 8,880 SqFt
Price/SqFt $200
Lot Size 0.51 Acres
Year Built 1984
Property Type Residential Income
Zoning CITY
Listing Number SN19068937
Listed 3/29/2019
Modified 4/23/2019
Listing Agent B.J. Parsons
Listing Office Parkway Real Estate Co.
Total Building 2
Total Units 7

Property Features

# Electric Meters
  • 6
# Gas Meters
  • 6
# Units Leased
  • 7
# Water Meters
  • 1
Appliances
  • Refrigerator
Community Features
  • Urban
Cooling
  • Central Air
Garage Spaces
  • 0.00
Gross Income
  • 125159.00
Gross Scheduled Income
  • 102268.00
Heating
  • Central
Levels
  • Two
Net Operating Income
  • 67965.00
Operating Expense
  • 34301.00
Parking Total
  • 24.00
Pool
  • None
Roofing
  • Composition
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 2
Style
  • Contemporary
Total Actual Rent
  • 9781.00
Uncovered Spaces
  • 24.00
Views
  • Neighborhood
Water Source
  • Public
Fencing
  • Chain Link
  • Wood
Fireplace
  • Living Room
  • Wood Burning
Flooring
  • Carpet
  • Vinyl
Interior
  • Ceiling Fan(s)
  • Unfurnished
Utilities
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected