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Tracy Realty Co.

Tracy Realty Co.
PO Box 3069
Chico, CA

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DRE #01305179

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Listing 9 out of 114
$750,000 For Sale

2910 Morseman Avenue
Chico, CA 95973

8 units | Multi Family Home
1 acre - MLS# SN19003526
Property Photo


Rare opportunity to own this tranquil, 8-unit compound that sits on one acre of lushly landscaped gardens. Seven units are currently rented, and have maintained occupancy for many years. The property features the following units: A ~1300 square-foot 3-bedroom 1-bath house with a hot tub, deck, hardwood floors, detached laundry room, storage shed, and a spacious shaded backyard. -Two 2-bedroom 1-bath units, each with a private yard -Three 1-bedroom 1-bath units, each with a private yard -A studio with a private yard Many of the units have recently been refreshed and remodeled. The property provides the feeling of a secluded community surrounded by a lush landscape of mature trees, 14 fruit trees, flowers, a community garden, and peaceful living. This is a one-of-a-kind property with a unique layout and abundant open space. NOTES: All info obtained through sources deemed reliable however accuracy cannot be guaranteed. Listing agent hasn’t verified seller disclosures, info provided by sellers or any public records. Buyers encouraged to investigate/verify all info & aspects of property & have inspections performed to satisfy self. Info of special interest to buyers should be obtained through independent verification.


  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 95973
  • Year Built: 1959
  • Stories: One
  • Units: 8 units
  • Lot Size: 1 acre
  • View: Courtyard,Neighborhood, Yes
  • Zoning: R2
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 8000.00
  • Building Area Units: Square Feet
  • Common Walls: 1 Common Wall
  • Community Features: Rural
  • Cooling: Central
  • Cooling YN: Yes
  • Country: US
  • Directions: E. Lassen to Morseman, Property on the right.
  • Electric Expense: 6000.00
  • Gardener Expense: 7200.00
  • Gross Income: 81300.00
  • Gross Scheduled Income: 81300.00
  • Heating: Central Furnace
  • Heating YN: Yes
  • Insurance Expense: 2000.00
  • Laundry Features: See Remarks
  • Laundry YN: Yes
  • Listing Agent License: 01939578
  • Listing Office License: 01946759
  • Lot Features: 6-10 Units/Acre, Back Yard, Garden, Lawn, Yard
  • Lot Size Area: 43560.0000
  • Lot Size Source: Seller
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 60368.00
  • New Taxes Expense: 2000.00
  • Number Of Buildings: 6
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Operating Expense: 20932.00
  • Parking Features: Driveway, Driveway - Gravel
  • Parking YN: Yes
  • Property Attached YN: Yes
  • Roof: Composition
  • Room Type: All Bedrooms Down
  • Sewer: Shared Septic
  • Stories Total: 1
  • Total Actual Rent: 6775.00
  • Total Expenses: 20932.00
  • Trash Expense: 1332.00
  • Utilities: Cable Connected, Water Connected
  • Water Sewer Expense: 2400.00
  • Water Source: Public
Courtesy of Nexthome North Valley Realty, Kelli Smyth

Tracy Realty Co. | 530-893-1909 | Contact Us
PO Box 3069 - Chico, CA 95927
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