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647 W 1st Avenue
Chico, CA 95926
Size8288 Sq Ft ($156.25/ Sq Ft)
Lot Size0.38 Acres
Year Built1965
Listing TypeResidential Income
MLS Listing IDSN20030794
Published Date2/11/2020 290 days ago
Listing Modified11/11/2020 2:15:00 PM 16 days ago
Don't miss this value added opportunity at 105k/unit!! This property consists of 2 parcels, 647 & 705 W 1st Ave just blocks from CSUC. Both are near identical 6 unit buildings (12 units total). They can be financed together or separate. Each parcel has 4x 2bed/1bath and 2x studio units. Studios are located in front detached buildings, all other units are in the rear. With improvements all units can be brought to market rates which is estimated at $750/mo (studios) and $950/mo (2bedrooms). See full financial analysis in associated documents. Property has an unused laundry room, 3 storage rooms and open space between mirror properties. Some units have upgrades such as laminate floor.
Warner to 1st Ave
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Property Features
  • Internet Published
  • Income
  • Monthly Gross Income: $9424.00
  • Net Operating Income: $71559.00
  • Pool
  • Pool Type: None
  • Sale Type
  • Sale Type: Standard
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