20 Fremont Street Chico, CA 95928

$2,900,000 Active

About the Property

WOW! Check out this solid income-producing asset, surely to be a welcomed addition to any portfolio! 20 spacious 2 bedroom, 1 bath units with private patio space (except unit 1 which has been converted to management office space). Low maintenance landscaping, covered parking & onsite coin op laundry. Tucked away on a quiet cu-de-sac in South Chico, near restaurants and shopping.

Property Information

Size 17,380 SqFt
Price/SqFt $167
Lot Size 0.9 Acres
Year Built 1979
Property Type Residential Income
Zoning R3
Listing Number SN21077337
Listed 4/14/2021
Modified 4/14/2021
Listing Agent Steve Depa
Listing Office Re/Max of Chico
Total Building 5
Total Units 20

Property Features

# Electric Meters
  • 21
# Gas Meters
  • 21
# Water Meters
  • 1
Community Features
  • Sidewalks
Garage Spaces
  • 0.00
Gross Income
  • 16795.00
Gross Scheduled Income
  • 201540.00
Heating
  • Central
Levels
  • Two
Net Operating Income
  • 109806.00
Operating Expense
  • 91734.00
Pool
  • None
Sewer
  • Public Sewer
StoriesTotal
  • 2
Total Expenses
  • 91734.00
Water Source
  • Public