15 Ricky Court Chico, CA 95928

$5,500,000 Active
  • The Woodside Terrace Apartments features 7 well maintained buildings and is a 28-Unit apartment complex. The Woodside Terrace Apartments features 7 well maintained buildings and is a 28-Unit apartment complex.
  • The Woodside Terrace Apartments features 7 well maintained buildings and is a 28-Unit apartment complex.
  • Large parking area with privacy fencing and mature trees surround the property.
  • Recently updated mailbox area.
  • Each unit follows this floorplan or a mirrored image.
  • Near 20th street public park.
  • The park includes softball and baseball fields, tennis courts, pickle ball courts, running trails, play ground and more!

About the Property

INCREDIBLE RESIDENTIAL INCOME INVESTMENT OPPORTUNITY! The Woodside Terrace Apartments is a 28-Unit apartment complex. There are 7 buildings involved in the sale of 15, 17, 19, and 21 Ricky Court. Full occupancy with fabulous rental history! Owning this complex offers easy maintenance and plenty of room for profit growth. The competitive rental market suggests rents should be nearing $1450 a month! The property is conveniently located near shopping, restaurants, parks, Chico entertainment and easy access to public transportation. Each unit is a spacious 3 bedroom, 1 bath, and features fully equipped kitchens with eating bars, with newer appliances including; refrigerators, microwaves, gas stoves, and garbage disposals. Each unit shares the same layout with lots of cabinet space, updated toilets, tubs & vanities, central heating and air, private patios off of the living space, large closets, plus self-contained washer and dryer hookups are in each unit. Only 2 miles away from Chico State, don't miss the opportunity for condo conversions or student housing!

Property Information

Size 28,232 SqFt
Price/SqFt $195
Lot Size 1.54 Acres
Year Built 1985
Property Type Residential Income
Listing Number SN20248352
Listed 12/1/2020
Modified 6/28/2021
Listing Agent Kelli Smyth
Listing Office NextHome North Valley Realty
Total Building 7
Total Units 28

Property Features

# Electric Meters
  • 28
# Gas Meters
  • 28
# Units Leased
  • 28
# Water Meters
  • 4
Cooling
  • Central Air
Exterior
  • Rain Gutters
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 324000.00
Gross Operating Income
  • 324000.00
Gross Scheduled Income
  • 324000.00
Net Operating Income
  • 289960.00
Operating Expense
  • 34040.00
Parking Total
  • 60.00
Pool
  • None
Roofing
  • Composition
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 2
Total Actual Rent
  • 302400.00
Total Expenses
  • 65088.00
Views
  • Neighborhood
Water Source
  • Public
Heating
  • Central
  • Natural Gas
Levels
  • One
  • Two
Community Features
  • Curbs
  • Sidewalks
  • Street Lights
Flooring
  • Carpet
  • Laminate
  • Vinyl
Interior
  • Balcony
  • Ceiling Fan(s)
  • Living Room Balcony
Tenant Pays
  • Cable TV
  • Electricity
  • Telephone
Appliances
  • Dishwasher
  • Gas Oven
  • Microwave
  • Refrigerator
Utilities
  • Cable Available
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected