328 W 4th Avenue Chico, CA 95926

$950,000 Closed
  • 328 W 4th Ave 328 W 4th Ave
  • 328 W 4th Ave
  • Studios are all the same floor plan
  • Unit 5 photos
  • Studio LR
  • LR view from kitchen
  • Kitchen
  • Bathroom
  • Bathroom shower
  • Upstairs unit access
  • East side of units
  • West side of units
  • Off street parking, plus more to the right side of the lot

About the Property

Please Note: This property has been SOLD

Rare opportunity to purchase a conforming 10-plex of studio units. Seller has owned and personally managed/maintained for the last 35 years. 12 paved off street parking spots, behind the building w/alley access. Convenient location in the Avenues, near Enloe Hospital and Citrus Elementary School. Fully leased with month to month leases. Tenants have been there from 6 months to 10 years, so current rents are on the low side. Energy retrofit inspection has been done and certificate will be provided. On site coin operated laundry (leased machines).

Property Information

Size 3,359 SqFt
Price/SqFt $283
Lot Size 0.2 Acres
Year Built 1980
Property Type Residential Income
Zoning R3
Listing Number SN23201814
Listed 11/1/2023
Modified 12/20/2023
Listing Agent Debbie Maderos
Listing Office Parkway Real Estate Co.
Total Building 1
Total Units 10

Property Features

# Electric Meters
  • 11
# Gas Meters
  • 1
# Units Leased
  • 10
# Water Meters
  • 1
Construction Materials
  • Stucco
Cooling
  • Wall/Window Unit(s)
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 93960.00
Gross Scheduled Income
  • 93960.00
Heating
  • Combination
Levels
  • Two
Net Operating Income
  • 53236.00
Operating Expense
  • 40724.00
Parking Total
  • 12.00
Pool
  • None
Price Pe rUnit
  • 95000
Roofing
  • Composition
Sewer
  • Public Sewer
StoriesTotal
  • 2
Total Expenses
  • 40724.00
Uncovered Spaces
  • 12.00
Utilities
  • Sewer Connected
Views
  • Neighborhood
Water Source
  • Public
Appliances
  • Electric Range
  • Disposal
  • Water Heater Central
Community Features
  • Gutters
  • Sidewalks
  • Street Lights
Interior
  • Formica Counters
  • Recessed Lighting
  • Unfurnished
Tenant Pays
  • Cable TV
  • Electricity
  • Telephone