728 W Sacramento Avenue

    Chico, CA 95926
    • $999,000
    • STATUS: Pending
    • ON SITE: 73 days
    • ID#: SN19007677
    Pending
    UPDATED: 62 min ago
    $999,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1985
    County:

    School Ratings & Info

    Description

    Well maintained 5plex right across the street from CSUC consisting of 4x 4bed 2bath units, and 1 3bed 2bath unit. The 3 bedroom unit is completely upgraded with plank flooring, ceiling fans, vanities, etc. All units have granite counters and other upgrades. 3 units are leased at promotional rates until 6/30/19. Market rate for each unit is estimated at 1950/month. Once at market this property will have a 8% cap rate. Each unit has a locked private storage room for bikes etc and indoor laundry. Professionally managed. See included financials for more details on expenses and income. Property has a private first note that may be assumable for 495K at 5% P&I over 25 years.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-03-24T23:31:30.78. 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. Licensed in the State of California, USA.
    www.laffinsrealestate.com/homes/90765303

    728 W Sacramento Avenue Chico, CA 95926

    • Price: $999,000
    • Status: Pending
    • Updated: 62 min ago
    • ID#: SN19007677
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    1985
    Built
    County:
    Butte
    Property Description
    Well maintained 5plex right across the street from CSUC consisting of 4x 4bed 2bath units, and 1 3bed 2bath unit. The 3 bedroom unit is completely upgraded with plank flooring, ceiling fans, vanities, etc. All units have granite counters and other upgrades. 3 units are leased at promotional rates until 6/30/19. Market rate for each unit is estimated at 1950/month. Once at market this property will have a 8% cap rate. Each unit has a locked private storage room for bikes etc and indoor laundry. Professionally managed. See included financials for more details on expenses and income. Property has a private first note that may be assumable for 495K at 5% P&I over 25 years.
    Exterior Features

    Carport Spaces 3.00 Garage Spaces 0.00 Lot Features Yard Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 3.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling Central Cooling YN Yes Laundry Features Inside

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.00 Community Features Urban Country Us Elevation Units Feet Gardener Expense 1800.00 Gross Income 7280.00 Gross Multiplier 12.59 Gross Scheduled Income 87360.00 Insurance Expense 2900.00 Land Lease YN No Laundry YN Yes Maintenance Expense 3000.00 Net Operating Income 41589.00 New Construction YN No New Taxes Expense 11000.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 5 Number Of Units Leased 5 Operating Expense 41589.00 Other Expense 2500.00 Other Expense Description Turn Ove Pest Control Expense 2520.00 Professional Management Expense 6989.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 6980.00 Total Expenses 41589.00 Trash Expense 3480.00 Water Sewer Expense 6900.00 Water Source Public Year Built Source Assessor Zoning City

    Listing provided courtesy of Ryan Vaught of Ryno Company


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-03-24T23:31:30.78. 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. Licensed in the State of California, USA.
     
    Remax of Chico - The Laffins Real Estate Team
    1834 Mangrove Ave
    Chico CA, 95926