406 Nord Avenue Chico, CA 95926

$4,825,000 Active

About the Property

19 units plus a managers unit with office. There are 8 two bedroom two bath units and 11 four bedroom two bath units. This property backs up to the university and its a short walk to campus and downtown. Full size washer and dryer in every unit and separate water, electric and gas meters for each unit. Seller built these units to be low maintenance. The parking lot is six inch concrete, 30 lb felt on the roofs and all of the buildings are stucco just to name a few extra things he did. This property has everything you would want, quality construction, location and pride of ownership.

Property Information

Size 25,628 SqFt
Price/SqFt $188
Lot Size 1.15 Acres
Year Built 2007
Property Type Residential Income
Zoning C1
Listing Number SN21072553
Listed 4/7/2021
Modified 4/10/2021
Listing Agent Jim Aguilar
Listing Office Century 21 Select Real Estate, Inc.
Total Building 5
Total Units 19

Property Features

# Electric Meters
  • 20
# Gas Meters
  • 20
# Units Leased
  • 19
# Water Meters
  • 21
Carport Spaces
  • 15.00
Cooling
  • Central Air
Electric
  • Electricity - On Property
Exterior
  • Rain Gutters
Fireplace
  • Living Room
Garage Spaces
  • 1.00
Gross Income
  • 374051.00
Gross Scheduled Income
  • 374051.00
Interior
  • Ceiling Fan(s)
Levels
  • Three Or More
Net Operating Income
  • 244786.00
Operating Expense
  • 129265.00
Parking Total
  • 16.00
Pool
  • None
Roofing
  • Composition
Sewer
  • Public Sewer
StoriesTotal
  • 3
Style
  • Contemporary
Total Actual Rent
  • 379200.00
Total Expenses
  • 129265.00
Views
  • Neighborhood
Water Source
  • Public
Accessibility Features
  • Doors - Swing In
  • Parking
Flooring
  • Carpet
  • Laminate
Heating
  • Central
  • Natural Gas
Appliances
  • Disposal
  • Refrigerator
  • Water Heater
Community Features
  • Curbs
  • Gutters
  • Urban
Construction Materials
  • Blown-In Insulation
  • Concrete
  • Stucco
Fencing
  • Chain Link
  • Good Condition
  • Wood
Tenant Pays
  • All Utilities
  • Cable TV
  • Electricity
  • Gas
  • Sewer
  • Telephone
  • Water
Utilities
  • Cable Connected
  • Electricity Connected
  • Natural Gas Connected
  • Phone Connected
  • Sewer Connected
  • Underground Utilities
  • Water Connected
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