186 E Shasta Avenue Chico, CA 95973

$5,595,000 Active

About the Property

Shasta East is a duplex community consisting of 28, 2 bedroom 1 bath units. Each unit has indoor laundry, and an oversized one car garage along with a private & spacious yard. These units enjoy near 100% occupancy with many long term tenants. Current owners have been upgrading units, as they turn over. Property offers significant upside, by improving rents to meet local market value, as well as the ability to add/build out amenities to the underutilized portions of the property. Purchase also includes 194 E Shasta Ave.

Property Information

Size 24,640 SqFt
Price/SqFt $227
Lot Size 2.98 Acres
Year Built 1978
Property Type Residential Income
Zoning R3
Listing Number SN21146401
Listed 7/6/2021
Modified 7/13/2021
Listing Agent Steve Depa
Listing Office Re/Max of Chico
Total Building 14
Total Units 28

Property Features

# Electric Meters
  • 30
# Gas Meters
  • 30
# Water Meters
  • 2
Community Features
  • Sidewalks
Cooling
  • Central Air
Garage Spaces
  • 28.00
Gross Income
  • 32603.00
Gross Scheduled Income
  • 391239.00
Heating
  • Central
Levels
  • One
Net Operating Income
  • 261554.00
Operating Expense
  • 129685.00
Parking Total
  • 28.00
Pool
  • None
Sewer
  • Conventional Septic
StoriesTotal
  • 1
Total Expenses
  • 129685.00
Water Source
  • Public