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348 W Sacramento Avenue

Chico, CA 95926
  • $2,900,000
  • STATUS: Pending
  • ON SITE: 14 Days
  • ID#: SN22090227
Pending
UPDATED: 11 min ago
$2,900,000
  • 0
    BEDS
  • 0.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1965
County:

School Ratings & Info

Listing Agent(s): Steve Depa of Re/Max Of Chico (530-896-9300) and Matt Depa of Re/Max Of Chico(530-896-9300)


Description

Dont hesitate to act on this solid income-producing asset! Jack Scott Apartments, a 20 unit multifamily property located in the highly desirable heart of Chico, CA. Built in 1965, this property was renovated with new roofing, exterior paint, lighting and energy efficient windows throughout. It features 20 one-bedroom, one-bathroom units that offer updated kitchens and bathrooms. The property consists of two, two story buildings with stucco exteriors arranged in parallel to create a charming community that offers a gated courtyard, onsite laundry, and off-street parking for residents. Its located within immediate walking distance to Chico High School, California State University, Chico and all the parks, shopping and restaurants our lovely downtown has to offer.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-20T00:31:21.923. 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 deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/128415265
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348 W Sacramento Avenue Chico, CA 95926

  • Price: $2,900,000
  • Status: Pending
  • On Site: 14 Days
  • Updated: 11 min ago
  • ID#: SN22090227
0
Beds
0
Baths
0
½ Baths
0.4
Acres
1965
Built
County:
Butte
Property Description
Dont hesitate to act on this solid income-producing asset! Jack Scott Apartments, a 20 unit multifamily property located in the highly desirable heart of Chico, CA. Built in 1965, this property was renovated with new roofing, exterior paint, lighting and energy efficient windows throughout. It features 20 one-bedroom, one-bathroom units that offer updated kitchens and bathrooms. The property consists of two, two story buildings with stucco exteriors arranged in parallel to create a charming community that offers a gated courtyard, onsite laundry, and off-street parking for residents. Its located within immediate walking distance to Chico High School, California State University, Chico and all the parks, shopping and restaurants our lovely downtown has to offer.
Exterior Features

Lot Features Front Yard Number Of Separate Electric Meters 22 Parking Total 20 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Common Interest None Community Features Sidewalks Contingency Buyer To Cooperate With Sellers 1031 Exchange At No Cost To Buyer. Electric Expense 4858 Fuel Expense 0 Garage YN No Gross Income 22070 Gross Scheduled Income 273461 Insurance Expense 5611 Land Lease YN No Laundry Features Common AreaLaundry Room Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional1031 Exchange Maintenance Expense 38991 Net Operating Income 140150 New Construction YN No New Taxes Expense 32642 Number Of Separate Gas Meters 22 Number Of Separate Water Meters 1 Operating Expense 128014 Other Expense 12201 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 8007 Vacancy Allowance 5297 Water Sewer Expense 8982 Water Source Public Zoning R3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-20T00:31:21.923. 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 deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
 
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The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): Steve Depa of Re/Max Of Chico (530-896-9300) and Matt Depa of Re/Max Of Chico(530-896-9300)