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377 E 7th Avenue

Chico, CA 95926
  • $1,295,000
  • STATUS: Active
  • ON SITE: 166 Days
  • ID#: SN22134807
UPDATED: 51 min ago
$1,295,000
  • 0
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1963
County:

School Ratings & Info

Listing Agent(s): Ryan Vaught of Ryno Company (530-343-2959) and Lauren Kennedy of ()


Description

Updated, clean and fully occupied 5 units in the heart of Chico, CA. This property consists of a 4 unit building consisting of all 1 bedroom units and a newly constructed detached 2 bedroom house. Combined income of all units is over $9300/month. One of the one bedroom units is a fully furnished short term rental unit with several years of documented income averaging $3000/month. The unfurnished 1 bedrooms are approx $1400/mo and the 2 bedroom house is leased for over 2K/month. All leases are month to month. This property is professionally managed and management is willing to stay on if desired. Additionally a private first mortgage is assumable for 450K at 5% for 20 years if desired. See virtual tour and included document package.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-12-05T15:31:31.82. 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/130088564
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377 E 7th Avenue Chico, CA 95926

  • Price: $1,295,000
  • Status: Active
  • On Site: 166 Days
  • Updated: 51 min ago
  • ID#: SN22134807
0
Beds
0
Baths
0
½ Baths
0.21
Acres
1963
Built
County:
Butte
Property Description
Updated, clean and fully occupied 5 units in the heart of Chico, CA. This property consists of a 4 unit building consisting of all 1 bedroom units and a newly constructed detached 2 bedroom house. Combined income of all units is over $9300/month. One of the one bedroom units is a fully furnished short term rental unit with several years of documented income averaging $3000/month. The unfurnished 1 bedrooms are approx $1400/mo and the 2 bedroom house is leased for over 2K/month. All leases are month to month. This property is professionally managed and management is willing to stay on if desired. Additionally a private first mortgage is assumable for 450K at 5% for 20 years if desired. See virtual tour and included document package.
Exterior Features

Construction Materials Cement SidingDrywall Exterior Features Rain Gutters Fencing Wrought Iron Foundation Details RaisedSlab Lot Features Front YardSprinklers In FrontLawnSprinkler SystemYard Number Of Separate Electric Meters 5 Open Parking Spaces 10 Parking Features GravelOff Street Parking Total 10 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type AlleyCity Street Road Surface Type GravelPaved Spa Features None Spa YN No

Interior Features

Appliances Water Heater Common Walls 1 Common Wall Cooling Ductless Cooling YN Yes Fireplace Features None Fireplace YN No Flooring CarpetVinyl Heating Ductless Heating YN Yes Interior Features Ceiling Fan(S) Window Features Double Pane Windows

Property Features

Additional Parcels YN No Cap Rate 5.99 Common Interest None Community Features Gutter(S) Electric Expense 500 Fuel Expense 0 Garage YN No Gross Income 112140 Gross Scheduled Income 112140 Insurance Expense 850 Land Lease YN No Laundry Features Laundry Closet Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 ExchangeSubmit Maintenance Expense 2500 Net Operating Income 77612 New Construction YN No Number Of Separate Gas Meters 5 Number Of Separate Water Meters 2 Operating Expense 31163 Property Condition Updated/RemodeledTurnkey Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 1200 Total Actual Rent 9345 Trash Expense 1200 Utilities Cable Available Vacancy Allowance Rate 3 Water Sewer Expense 1140 Water Source Public Zoning R1



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-12-05T15:31:31.82. 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): Ryan Vaught of Ryno Company (530-343-2959) and Lauren Kennedy of ()