1217 W Sacramento Avenue Chico, CA 95926

$6,750,000 Closed

About the Property

Please Note: This property has been SOLD

Fell out of escrow no fault of seller. This premier student property consists of 32 newly constructed units located near CSU Chico and downtown Chico, CA. Apartments feature granite counters, wood style plank flooring, stainless appliances and washer/dryers in each. Units have kitchens equipped with range, microwave, stove and refrigerator. Property is near bus routes, and within a short distance to downtown, CSU Chico, restaurants, shopping and grocery stores.

Property Information

Size 26,240 SqFt
Price/SqFt $257
Lot Size 1.66 Acres
Year Built 2017
Property Type Residential Income
Listing Number SN20110198
Listed 6/8/2020
Modified 7/2/2020
Listing Agent Ryan Vaught
Listing Office Ryno Company
Total Building 8
Total Units 32

Property Features

# Electric Meters
  • 32
# Gas Meters
  • 32
# Units Leased
  • 26
# Water Meters
  • 1
Cap Rate
  • 4.92
Garage Spaces
  • 0.00
Gross Income
  • 529320.00
Gross Scheduled Income
  • 529320.00
Net Operating Income
  • 368602.00
Operating Expense
  • 150132.00
Pool
  • None
Sewer
  • Public Sewer
Total Actual Rent
  • 42660.00
Total Expenses
  • 152343.00
Water Source
  • Public
Community Features
  • Suburban
  • Urban
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