This is a fantastic opportunity to own seven units that are each 1384 square foot, 4 bedroom 2 bath and fully rented in a great location, close to Chico State University and just a few short steps away from grocery stores, restaurants, bus lines and other conveniences. Each unit has it's own HVAC system, water heater, dual pane windows and a fully equipped kitchen with stove, refrigerator, dishwasher and garbage disposal and a built-in microwave in some of the units. There is the added bonus of a private laundry room in each unit with. There are three units in one building and two in each of the other buildings surrounding a central common courtyard and two lovely grassy areas with open BBQ's and plenty of outdoor seating. In 2018 each building's exterior was re-painted and new roofs installed (one building was re-roofed in 2017.) The interior of three of the units have been recently improved with light and bright finishes and laminate flooring. A fourth building on the property has a bathroom and was used as an office building in the past. It is currently being used for storage but you can explore other options as the new owner. Traditionally, vacancy rates have been incredibly low for this property due to it's amazing location. There is also assumable private financing at an excellent interest rate!
Size | 9,688 SqFt |
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Price/SqFt | $181 |
Lot Size | 0.5 Acres |
Year Built | 1983 |
Property Type | Residential Income |
Zoning | ASR |
Listing Number | SN25022136 |
Listed | 1/31/2025 |
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Modified | 2/4/2025 |
Listing Agent | Laura Willman |
Listing Office | Century 21 Select Real Estate, Inc. |
Total Building | 3 |
Total Units | 7 |
Listed by Laura Willman of Century 21 Select Real Estate, Inc.. Listing data last updated 2/4/2025 at 10:23 PM PST.
Based on information from California Regional Multiple Listing Service, Inc. as of 2/4/2025 4:08 PM. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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