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Key Details
Sold Price $625,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID TR19217151
Sold Date 10/29/19
Construction Status Updated/Remodeled,Turnkey
HOA Y/N No
Year Built 1985
Annual Tax Amount $3,689
Tax Year 2019
Lot Size 25.000 Acres
Property Description
Turn-key Growth Opportunity in Chico! Independently conducted rental analysis: "Apartment building is $1,000/month under current market rents." Additionally, this 4-plex apartment has GREAT Curb Appeal - following extensive interior and exterior renovations! Renovations include new: roof, carpet, 6-panel interior doors, brushed nickel handles, fixtures, faucets, 3-color exterior paint, 2-color interior paint, 3" baseboard, blown attic insulation, water heaters, seal coated parking lot, landscaping, 100 feet of new fencing (stained) and most 30" ovens are new, and Large Capacity washer/dryer units are new. Two years ago, plumber replaced/upgraded all sink & toilet water valves. Storage supply room located in the back of building (estimated 5ft X 8ft). Large 2 Bedroom Apartment leases include smoke free, drug free, pet free policies, and are leased thru 12/31/2020. Tenants enjoy relaxing in the spacious grassy private backyard, gardening in their planter boxes, or walking to the movies and popular eateries.
Location
State CA
County Butte
Area 699 - Not Defined
Zoning CITY
Rooms
Other Rooms Storage
Interior
Interior Features Living Room Deck Attached, Open Floorplan
Heating Central, Natural Gas
Cooling Central Air, Electric
Flooring Carpet, Vinyl
Fireplace No
Appliance Dishwasher, Electric Cooktop, Electric Oven, Gas Water Heater, Refrigerator, Vented Exhaust Fan, Dryer, Washer
Laundry Laundry Closet, Stacked
Exterior
Exterior Feature Lighting, Rain Gutters
Parking Features Assigned, Asphalt, On Site, Off Street, Paved, One Space
Fence New Condition, See Remarks, Wood
Pool None
Community Features Biking, Hiking, Street Lights, Suburban, Sidewalks
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Underground Utilities, Water Connected
Roof Type Composition,See Remarks
Accessibility Parking, See Remarks
Total Parking Spaces 8
Private Pool No
Building
Lot Description Back Yard, Lawn, Landscaped, Near Public Transit, Sprinklers Timer, Sprinkler System
Faces West
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
Additional Building Storage
New Construction No
Construction Status Updated/Remodeled,Turnkey
Others
Senior Community No
Tax ID 007180081000
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Steven Ziel • Pryde Realty
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