811 W 2nd Avenue Chico, CA 95926

$1,550,000 Active

About the Property

If you are looking for a great place to invest, look no further! For sale is a well established 7 unit apartment complex only a few blocks from the Chico State campus, shopping centers, restaurants and Safeway. This property has been well maintained with updated and delivers consistent solid rents with upside potential. The property consists on Six 4 bedroom 2 bath, 1500 sqft units and a single 1 bedroom 1 bath unit. Each of the townhouses include a fireplace, central heating and air, fenced back patios, Coin-op onsite laundry for additional income and ample off street parking with 24 spots. Over the years this property has seen a steady increase in rents and is solid investment that cash-flows. All have leases into 2021. Currently all rented and professionally managed. All financials on file.

Property Information

Size 8,880 SqFt
Price/SqFt $175
Lot Size 0.51 Acres
Year Built 1984
Property Type Residential Income
Zoning CITY
Listing Number SN20163193
Listed 8/13/2020
Modified 8/17/2020
Listing Agent Rick Sufuentes
Listing Office Parkway Real Estate Co.
Total Building 2
Total Units 7

Property Features

# Electric Meters
  • 7
# Gas Meters
  • 7
# Units Leased
  • 7
# Water Meters
  • 7
Cooling
  • Central Air
Fireplace
  • Living Room
Garage Spaces
  • 0.00
Gross Income
  • 116245.00
Gross Operating Income
  • 120857.00
Gross Scheduled Income
  • 120857.00
Heating
  • Central
Levels
  • Two
Net Operating Income
  • 83746.00
Operating Expense
  • 37111.00
Pool
  • None
Roofing
  • Composition
Sewer
  • Public Sewer
StoriesTotal
  • 2
Total Actual Rent
  • 10150.00
Total Expenses
  • 37111.00
Water Source
  • Public
Community Features
  • Biking
  • Urban
Fencing
  • Chain Link
  • Wood
Utilities
  • Cable Connected
  • Electricity Connected
  • Sewer Connected
  • Water Connected