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1166 Hobart Street

Chico, CA 95926
  • $990,000
  • STATUS: Pending
  • ON SITE: 14 Days
  • ID#: SN22243269
Pending
UPDATED: 100 min ago
$990,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1983
County:

School Ratings & Info

Listing Agent(s): Spencer Moyer of Alive Commercial Real Estate (916-314-7005)


Description

1166 Hobart Street is a turn-key fourplex ideally located in the heart of Chico, CA. Most notably, the property is walking distance to CSUC (0.5 miles) and Enloe Hospital (0.4 mi), allowing for flexibility in student and non student rental demand. The building is comprised of (four) four-bedroom, two-bathroom floor plans boasting 1,363 SF each with sizable back yards. The property's strong operating history, recent capital improvements and below market rents will allow a new owner the ability to take ownership of a turn-key building and move rents to market without the headache of major renovations. Contact listing agent for full offering memorandum.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-12-02T00:28:33.943. 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 Remax of Chico - The Laffins Real Estate Team. Licensed in the State of California, USA.
www.laffinsrealestate.com/homes/134845331
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1166 Hobart Street Chico, CA 95926

  • Price: $990,000
  • Status: Pending
  • On Site: 14 Days
  • Updated: 100 min ago
  • ID#: SN22243269
0
Beds
0
Baths
0
½ Baths
0.22
Acres
1983
Built
County:
Butte
Property Description
1166 Hobart Street is a turn-key fourplex ideally located in the heart of Chico, CA. Most notably, the property is walking distance to CSUC (0.5 miles) and Enloe Hospital (0.4 mi), allowing for flexibility in student and non student rental demand. The building is comprised of (four) four-bedroom, two-bathroom floor plans boasting 1,363 SF each with sizable back yards. The property's strong operating history, recent capital improvements and below market rents will allow a new owner the ability to take ownership of a turn-key building and move rents to market without the headache of major renovations. Contact listing agent for full offering memorandum.
Exterior Features

Lot Features 11-15 Units/AcreBack Yard Number Of Separate Electric Meters 4 Parking Features Uncovered Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common WallNo One Above

Property Features

Additional Parcels YN No Cap Rate 5.62 Common Interest None Community Features BikingFoothills Electric Expense 252 Fuel Expense 252 Garage YN No Gross Income 85749 Gross Scheduled Income 83700 Insurance Expense 2000 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional Maintenance Expense 4000 Net Operating Income 55636 New Construction YN No New Taxes Expense 10550 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 30112 Other Expense 1200 Pest Control Expense 360 Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Unknown Special Listing Conditions Standard Trash Expense 1030 Vacancy Allowance Rate 3 Water Sewer Expense 3044 Water Source Public Zoning R3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-12-02T00:28:33.943. 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 Remax of Chico - The Laffins Real Estate Team. Licensed in the State of California, USA.
 
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Remax of Chico - The Laffins Real Estate Team
1834 Mangrove Ave
Chico CA, 95926
Listing Agent(s): Spencer Moyer of Alive Commercial Real Estate (916-314-7005)