701 W 4th Avenue Chico, CA 95926

$2,440,000 Closed

About the Property

Please Note: This property has been SOLD

Owner will carry!! 647 and 701 W. 4th Avenue. 20 units on two lots, 16 units on one and 4 units on the other. Leased up until August 2014 next year. There are 15 four bedroom two baths and one three bedroom two bath on the property at 701 W. 4th Ave and 3 five bedroom 2 bath and one 4 bedroom 2 bath on the parcel at 647 W. 4th Ave. There are 82 bedrooms in the 20 unit complex.

Property Information

Size 29,401 SqFt
Price/SqFt $82.99
Lot Size 1.549 Acres
Year Built 1991
Property Type Residential Income
Listing Number CH13183670
Listed 8/6/2013
Modified 11/27/2013
Listing Agent Jim Aguilar
Listing Office Century 21 Jeffries Lydon
Total Building 7
Total Units 20

Property Features

# Electric Meters
  • 21
# Gas Meters
  • 21
# Units Leased
  • 20
# Water Meters
  • 21
Cooling
  • Central
Fencing
  • Good Condition
Fireplace
  • Living Room
Flooring
  • Carpet
Garage Spaces
  • 0.00
Gross Income
  • 22945.00
Gross Scheduled Income
  • 275340.00
Heating
  • Central Furnace
Net Operating Income
  • 165204.00
Operating Expense
  • 110136.00
Parking Total
  • 68.00
Roofing
  • Composition
StoriesTotal
  • 2
Style
  • Contemporary
Total Actual Rent
  • 22945.00
Water Source
  • Public
Appliances
  • Gas Range
  • Gas Water Heater
Construction Materials
  • Stucco
  • Wood Siding
Interior
  • Ceiling Fan
  • Storage Space
Pool
  • Private
  • In Ground
Community Features
  • Gutters
  • Sidewalks
  • Storm Drains
  • Street Lighting
  • Urban