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811 W 2nd Avenue, Chico, CA 95926
25
beds
13
baths
8880
ft2
· 22216
ft2 lot
$1,500,000
$169 / ft2
Listing provided courtesy of Rick Sufuentes, Parkway Real Estate Co..
Source CRMLS.
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.
HOA
$0/month
On market
8 months
Year built
1984
Property type
Condo
Parking
MLS
SN20163193
Price / Sq.Ft.
$169 / ft2
Status
Active
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Community, Individual Room
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
Fireplace Info
•   
Has Fireplaces
•   
Fireplace Details: Living Room
Heating & Cooling
•   
Has Heating
•   
Heating Details: Central
•   
Cooling Details: Central Air
Interior Size
•   
Building Area Total: 8880.00
Property, Lot, Community & Exterior Features
Community Info
•   
Road Frontage Type: Private Road
•   
Road Surface Type: Paved
•   
Number Of Buildings: 2
•   
Total Units: 7
Parking Info
•   
Garage Spaces: 0.00
Building Info
•   
Building Area Units: Square Feet
•   
Roof: Composition
•   
Stories Total: 2
•   
Num Stories: Two
•   
Year Built Source: Assessor
Lot Info
•   
Zoning: CITY
•   
Lot Features: 6-10 Units/Acre
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.5100
•   
Lot Size Area: 22216.0000
•   
Lot Size Units: Square Feet
Property Features
•   
Fencing: Chain Link, Wood
•   
Property Condition: Turnkey
•   
Common Walls: 2+ Common Walls
Property Type
•   
Common Interest: Community Apartment
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 7
•   
Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
•   
Number Of Separate Gas Meters: 7
•   
Number Of Separate Water Meters: 7
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Assesments Information
•   
Assessments: Unknown
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 120857.00
•   
Laundry Income: 774.96
•   
Vacancy Allowance Rate: 3.00
•   
Total Actual Rent: 10150.00
•   
Trash Expense: 3584.00
•   
New Taxes Expense: 17437.00
•   
Insurance Expense: 5000.00
•   
Professional Management Expense: 7506.00
•   
Other Income Description: Coin-op Laundry
•   
Total Expenses: 37111.00
•   
Gross Scheduled Income: 120857.00
•   
Operating Expense: 37111.00
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 116245.00
Lease Info
•   
Net Operating Income: 83746.00
Listing Info
•   
Status: Active
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 4
•   
Unit 3 Actual Rent: 1600.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 0.00
•   
Unit 3 Bathrooms: 2
•   
Unit 3 Total Rent: 19200.00
Unit 7 Information
•   
Unit 7 Garage Spaces: 0.00
•   
Unit 7 Bathrooms: 1
•   
Unit 7 Actual Rent: 700.00
•   
Unit 7 Total Units: 1
•   
Unit 7 Total Rent: 8400.00
•   
Unit 7 Bedrooms: 1
•   
Unit 7 Furnished Units: Unfurnished
Unit 2 Information
•   
Unit 2 Actual Rent: 1600.00
•   
Unit 2 Bedrooms: 4
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 2
•   
Unit 2 Garage Spaces: 0.00
•   
Unit 2 Total Rent: 19200.00
Unit 1 Information
•   
Unit 1 Bedrooms: 4
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 1500.00
•   
Unit 1 Total Rent: 18000.00
Unit 4 Information
•   
Unit 4 Actual Rent: 1500.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 18000.00
•   
Unit 4 Bathrooms: 2
•   
Unit 4 Garage Spaces: 0.00
•   
Unit 4 Bedrooms: 4
Unit 5 Information
•   
Unit 5 Actual Rent: 1780.00
•   
Unit 5 Total Units: 1
•   
Unit 5 Furnished Units: Unfurnished
•   
Unit 5 Total Rent: 21360.00
•   
Unit 5 Garage Spaces: 0.00
•   
Unit 5 Bathrooms: 2
•   
Unit 5 Bedrooms: 4
Multi Unit Information
•   
# Of Units: 7
•   
Number Of Units Leased: 7
Unit 6 Information
•   
Unit 6 Actual Rent: 1470.00
•   
Unit 6 Total Units: 1
•   
Unit 6 Total Rent: 17640.00
•   
Unit 6 Furnished Units: Unfurnished
•   
Unit 6 Bedrooms: 4
•   
Unit 6 Garage Spaces: 0.00
•   
Unit 6 Bathrooms: 2
School Neighborhood & Directions
Location
•   
Community Features: Biking, Urban
•   
Directions: N. Cedar to W. 2nd Ave. Property behind 827 W 2nd Ave.
Other
Calculation
•   
Dom: 64
•   
Cdom: 64
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 22, 2021 3:07am
Neighborhood snapshot
32
Properties for sale
5
Median days on market
$260.00
Median sold price/sqft
100.63%
Sold/List %
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Property History
10/16/2020
10/16/2020
CRMLS #SN20163193
active
CRMLS #SN20163193
$1,500,000
--3.23%
08/13/2020
08/13/2020
CRMLS #SN20163193
active
CRMLS #SN20163193
$1,550,000
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