812 Nord Avenue Chico, CA 95926

$5,600,000 Closed

About the Property

Please Note: This property has been SOLD

OWNER FINANCING!! Excellent location, property backs up to the university and is an easy walk to downtown. Located close to the Safeway shopping center and public transportation. 22 units spread over eight separate buildings with individual water, gas and electric meters. Units come with full size washer and dryer, central heat and air, ceiling fans, gas fireplace, microwave, internet and refrigerator. Security systems in most units and security cameras in the parking lot. Some with patios and sliding glass doors. Units consist of four 3 bedroom 2 bath units, two 5 bedroom 3 bath units, two 5 bedroom 2 bath units, and twelve 4 bedroom 2 bath units. Owner will carry at competitive rates!

Property Information

Size 33,676 SqFt
Price/SqFt $166
Lot Size 1.64 Acres
Year Built 2001
Property Type Residential Income
Zoning C1
Listing Number SN18101069
Listed 4/30/2018
Modified 3/27/2019
Listing Agent Jim Aguilar
Listing Office Century 21 Select Real Estate, Inc.
Total Building 8
Total Units 22

Property Features

# Electric Meters
  • 23
# Gas Meters
  • 22
# Units Leased
  • 22
# Water Meters
  • 23
Cooling
  • Central Air
Electric
  • Electricity - On Property
Exterior
  • Rain Gutters
Fencing
  • Average Condition
Fireplace
  • Living Room
Flooring
  • Carpet
Garage Spaces
  • 0.00
Gross Income
  • 416460.00
Gross Scheduled Income
  • 416460.00
Heating
  • Central
Interior
  • Ceiling Fan(s)
Levels
  • Two
Net Operating Income
  • 267992.00
Operating Expense
  • 144303.00
Pool
  • None
Roofing
  • Composition
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 2
Style
  • Contemporary
Total Expenses
  • 91857.20
Views
  • Neighborhood
Water Source
  • Public
Community Features
  • Curbs
  • Gutters
Construction Materials
  • Drywall Walls
  • Stucco
Tenant Pays
  • Cable TV
  • Electricity
  • Sewer
  • Telephone
  • Water
Appliances
  • Dishwasher
  • Free-Standing Range
  • Disposal
  • Microwave
  • Range Hood
  • Refrigerator
Utilities
  • Cable Connected
  • Electricity Connected
  • Natural Gas Connected
  • Phone Connected
  • Sewer Connected
  • Water Connected