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Tracy Realty Co.

Tracy Realty Co.
PO Box 3069
Chico, CA

530-893-1909
Contact Us
DRE #01305179

Contact Us





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Listing 4 out of 114
$1,295,000 For Sale

647 W 1st Avenue
Chico, CA 95926

12 units | Multi Family Home
16553 sq ft lot - MLS# SN19008770
Property Photo
1/11

Description

Don't miss this value added opportunity at 108k/unit!! This property consists of 2 parcels, 647 & 705 W 1st Ave just blocks from CSUC. Both are near identical 6 unit buildings (12 units total). They can be financed together or separate. Each parcel has 4x 2bed/1bath and 2x studio units. Studios are located in front detached buildings, all other units are in the rear. With improvements all units can be brought to market rates which is estimated at $695/mo (studios) and $850/mo (2bedrooms). See full financial analysis in associated documents. Property has an unused laundry room, 3 storage rooms and open space between mirror properties. Some units have upgrades such as laminate floor.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 95926
  • Year Built: 1965
  • Stories: Two
  • Units: 12 units
  • Lot Size: 16553 sq ft lot
  • Zoning: R3
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 8288.00
  • Building Area Units: Square Feet
  • Community Features: Urban
  • Country: US
  • Directions: Warner to 1st Ave
  • Electric Expense: 150.00
  • Gardener Expense: 1000.00
  • Gross Income: 8884.00
  • Gross Scheduled Income: 106608.00
  • Insurance Expense: 2300.00
  • Laundry Features: Community
  • Laundry YN: Yes
  • Listing Agent License: 01444141
  • Listing Office License: 01859198
  • Lot Features: Lawn
  • Lot Size Area: 16552.0000
  • Lot Size Source: Owner
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Maintenance Expense: 3000.00
  • Net Operating Income: 64166.00
  • New Taxes Expense: 14245.00
  • Number Of Buildings: 4
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 2
  • Operating Expense: 39244.00
  • Other Expense: 2500.00
  • Other Expense Description: Turns
  • Rent Control YN: Yes
  • Sewer: Public Sewer
  • Stories Total: 2
  • Total Expenses: 39244.00
  • Trash Expense: 1920.00
  • Water Sewer Expense: 5100.00
  • Water Source: Public
  • Year Built Source: Assessor
Courtesy of Ryno Company, Ryan Vaught



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