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1227 Esplanade

Chico, CA 95926
  • $3,000,000
  • STATUS: Pending
  • ON SITE: 107 Days
  • ID#: SN22088263
Pending
UPDATED: 65 min ago
$3,000,000
  • 0
    BEDS
  • 0.41
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Listing Agent(s): Brent Silberbauer of Exp Realty Of California, Inc. (888-584-9427)


Description

William Tell Apartments, a 17 unit courtyard style multifamily community located in the heart of Chico. The William Tell is located just blocks from one of the largest employers in Chico, Enloe Medical Center. Its conveniently located within walking distance to downtown Chico as well as Chico State University. William Tell is a courtyard style apartment building. This means residents benefit from the privacy and security of a double entry system. Each unit has a private covered and gated parking space with additional outdoor storage. This apartments offer a mix of unit types including three bedroom units, two bedroom units, on bedrooms, and a remodeled studio apartment. The new owner of William Tell will enjoy significant upside and forced appreciation as rents are currently below market and have much room to rise. Do not delay, properties that this dont come available very often. Please contact selling agent for financials and offering memorandum.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-15T20:32:14.93. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Coldwell Banker C&C Properties. Licensed in the State of California, USA.
www.realestateredding.com/homes/128204631
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1227 Esplanade Chico, CA 95926

  • Price: $3,000,000
  • Status: Pending
  • On Site: 107 Days
  • Updated: 65 min ago
  • ID#: SN22088263
0
Beds
0
Baths
0
½ Baths
0.41
Acres
1964
Built
County:
Butte
Property Description
William Tell Apartments, a 17 unit courtyard style multifamily community located in the heart of Chico. The William Tell is located just blocks from one of the largest employers in Chico, Enloe Medical Center. Its conveniently located within walking distance to downtown Chico as well as Chico State University. William Tell is a courtyard style apartment building. This means residents benefit from the privacy and security of a double entry system. Each unit has a private covered and gated parking space with additional outdoor storage. This apartments offer a mix of unit types including three bedroom units, two bedroom units, on bedrooms, and a remodeled studio apartment. The new owner of William Tell will enjoy significant upside and forced appreciation as rents are currently below market and have much room to rise. Do not delay, properties that this dont come available very often. Please contact selling agent for financials and offering memorandum.
Exterior Features

Carport Spaces 17 Carport YN Yes Lot Features Level Number Of Separate Electric Meters 17 Parking Features CoveredCarportGatedOne SpaceStorage Parking Total 17 Pool Features None Pool Private YN No Property Attached YN Yes View Courtyard View YN Yes

Interior Features

Common Walls 2+ Common Walls Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Heating Central Heating YN Yes

Property Features

Additional Parcels YN No Cap Rate 4.42 Common Interest Community Apartment Community Features SuburbanGated Contingency Showings Upon An Accepted Offer. Electric Expense 7800 Fuel Expense 0 Garage YN No Gross Income 231008 Gross Scheduled Income 233580 Insurance Expense 8586 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Submit Maintenance Expense 6500 Net Operating Income 141334 New Construction YN No Number Of Separate Gas Meters 17 Number Of Separate Water Meters 0 Number Of Units Leased 17 Operating Expense 89674 Other Expense 34946 Pest Control Expense 1140 Property Condition Turnkey Property Sub Type Apartment Rent Control YN Yes Security Features Gated Community Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 228780 Trash Expense 2280 Vacancy Allowance Rate 2 Water Sewer Expense 8400 Water Source Public Zoning Rp



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-15T20:32:14.93. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Coldwell Banker C&C Properties. Licensed in the State of California, USA.
 
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Coldwell Banker C&C Properties
2120 Churn Creek Rd.
Redding CA, 96002
Listing Agent(s): Brent Silberbauer of Exp Realty Of California, Inc. (888-584-9427)