1217 W Sacramento Avenue

    Chico, CA 95926
    • $7,499,000
    • STATUS: Active
    • ON SITE: 470 days
    • ID#: SN18047649
    UPDATED: 19 min ago
    $7,499,000
    • 0
      BEDS
    • 1.66
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 26,240
      SQFT
    • $286
      $/SQFT
    Type:
    Multi-Family
    Built:
    2017
    County:

    School Ratings & Info

    Description

    Fell out of escrow no fault of seller. This premier student property consists of 32 newly constructed units located near CSU Chico and downtown Chico, CA. Apartments feature granite counters, wood style plank flooring, stainless appliances and washer/dryers in each. Units have kitchens equipped with range, microwave, stove and refrigerator. Property is near bus routes, and within a short distance to downtown, CSU Chico, restaurants, shopping and grocery stores.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-19T08:29:52.63. 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.hellerthehomeseller.com/homes/81288085

    1217 W Sacramento Avenue Chico, CA 95926

    • Price: $7,499,000
    • Status: Active
    • Updated: 19 min ago
    • ID#: SN18047649
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.66
    Acres
    26,240
    SQFT
    $286
    $/SQFT
    2017
    Built
    County:
    Butte
    Property Description
    Fell out of escrow no fault of seller. This premier student property consists of 32 newly constructed units located near CSU Chico and downtown Chico, CA. Apartments feature granite counters, wood style plank flooring, stainless appliances and washer/dryers in each. Units have kitchens equipped with range, microwave, stove and refrigerator. Property is near bus routes, and within a short distance to downtown, CSU Chico, restaurants, shopping and grocery stores.
    Exterior Features

    Garage Spaces 0.00 Lot Features Yard Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features Inside

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.92 Community Features SuburbanUrban Country Us Electric Expense 3252.00 Elevation Units Feet Gardener Expense 3000.00 Gross Income 529320.00 Gross Multiplier 14.17 Gross Scheduled Income 529320.00 Insurance Expense 5411.00 Land Lease YN No Laundry YN Yes Maintenance Expense 4000.00 Net Operating Income 368602.00 New Construction YN No New Taxes Expense 84700.00 Number Of Separate Electric Meters 32 Number Of Separate Gas Meters 32 Number Of Separate Water Meters 1 Number Of Units Leased 26 Operating Expense 150132.00 Other Expense 9000.00 Other Expense Description Admin Professional Management Expense 26466.00 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 42660.00 Total Expenses 152343.00 Trash Expense 2964.00 Water Sewer Expense 9600.00 Water Source Public

    Listing provided courtesy of Ryan Vaught of Ryno Company


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-19T08:29:52.63. 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.
     
    Heller The Home Seller | Keller Williams Realty
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024