728 W Sacramento Avenue Chico, CA 95926

$999,000 Pending

About the Property

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.

Property Information

Lot Size 0.23 Acres
Year Built 1985
Property Type Residential Income
Zoning CITY
Listing Number SN19007677
Listed 1/10/2019
Modified 2/25/2019
Listing Agent Ryan Vaught
Listing Office Ryno Company
Total Building 2
Total Units 5

Property Features

# Electric Meters
  • 5
# Gas Meters
  • 5
# Units Leased
  • 5
# Water Meters
  • 5
Cap Rate
  • 4.00
Carport Spaces
  • 3.00
Community Features
  • Urban
Cooling
  • Central
Garage Spaces
  • 0.00
Gross Income
  • 7280.00
Gross Scheduled Income
  • 87360.00
Net Operating Income
  • 41589.00
Operating Expense
  • 41589.00
Parking Total
  • 3.00
Pool
  • None
Sewer
  • Public Sewer
Total Actual Rent
  • 6980.00
Total Expenses
  • 41589.00
Water Source
  • Public