127 W 9th Avenue

    Chico, CA 95926
    • $370,000
    • STATUS: Active
    • ON SITE: 120 days
    • ID#: SN18170924
    UPDATED: 52 min ago
    $370,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,760
      SQFT
    • $210
      $/SQFT
    Type:
    Multi-Family
    Built:
    1951
    County:

    School Ratings & Info

    Description

    What the world needs now - entry level housing. This is it with a return that makes a social benefit a good investment. This simple fourplex is ideal for a high demand tenant segment so vacancy is not an issue. The one story, straight forward, no frills building and site keeps operating expenses to a minimum. The location is near the iconic Esplanade, bus transportation, newer luxury apartments and upscale development - a location home run for real estate. Each of the four units have oak hardwood floors, living room, kitchen and bedroom with bathroom.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-14T16:36:18.277. 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. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/85679556

    127 W 9th Avenue Chico, CA 95926

    • Price: $370,000
    • Status: Active
    • Updated: 52 min ago
    • ID#: SN18170924
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1,760
    SQFT
    $210
    $/SQFT
    1951
    Built
    County:
    Butte
    Property Description
    What the world needs now - entry level housing. This is it with a return that makes a social benefit a good investment. This simple fourplex is ideal for a high demand tenant segment so vacancy is not an issue. The one story, straight forward, no frills building and site keeps operating expenses to a minimum. The location is near the iconic Esplanade, bus transportation, newer luxury apartments and upscale development - a location home run for real estate. Each of the four units have oak hardwood floors, living room, kitchen and bedroom with bathroom.
    Exterior Features

    Garage Spaces 0.00 Lot Features Level With Street Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes Roof Composition

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area 440 Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Washer Hookup Levels One

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Suburban Country Us Elevation Units Feet Gross Income 36000.00 Gross Scheduled Income 36000.00 Insurance Expense 1500.00 Land Lease YN No Laundry YN Yes Net Operating Income 26000.00 New Construction YN No New Taxes Expense 4440.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 9000.00 Operating Expense Percent 25.00 Other Expense 860.00 Other Expense Description Misc Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Septic Type Unknown Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Actual Rent 3075.00 Total Expenses 9000.00 Trash Expense 1000.00 Vacancy Allowance Rate 2.00 Water Sewer Expense 1200.00 Water Source Public Year Built Source Assessor Zoning R1

    Listing provided courtesy of Ken Dickson of Keller Williams Realty Chico Area.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-14T16:36:18.277. 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. Licensed in the State of California, USA.
     
    Fred Sed Realty - Keller Williams
    4010 Barranca Pkwy Suite 100
    Irvine CA, 92604