728 W 1st Avenue Chico, CA 95926

$1,400,000 Closed

About the Property

Please Note: This property has been SOLD

Owner will carry with approximately $400,000 down @ 4-5% interest. Very recent remodel on all 10 units. Property consists of two bedroom one bath units, one studio and a one bedroom one bath unit. Property is located very close to the university and shopping. All of the units sit all the way to the rear of the property. Very large lot with the potential to split the lot and add seven 3 bedroom units. All of the units have had a major remodel with granite counter tops, new cabinets and plank flooring. New fixtures and appliances that are all less than a year old at this time. Remodel includes new mini split system in each unit.

Property Information

Size 5,748 SqFt
Price/SqFt $244
Lot Size 0.72 Acres
Year Built 1950
Property Type Residential Income
Zoning R3
Listing Number SN18288602
Listed 12/3/2018
Modified 9/27/2021
Listing Agent Jim Aguilar
Listing Office Century 21 Select Real Estate, Inc.
Total Building 1
Total Units 10

Property Features

# Electric Meters
  • 9
# Gas Meters
  • 8
# Water Meters
  • 1
Community Features
  • Urban
  • None
Garage Spaces
  • 0.00
Gross Income
  • 102960.00
Gross Scheduled Income
  • 102960.00
Net Operating Income
  • 71280.00
Operating Expense
  • 31680.00
  • Septic Type Unknown
Total Actual Rent
  • 8580.00
Total Expenses
  • 38880.00
Water Source
  • Public
  • Private
  • In Ground
  • Dishwasher
  • Gas Range
  • Gas Water Heater
  • Microwave
  • Refrigerator