155 Panama Avenue

    Chico, CA 95973
    • $725,000
    • STATUS: Active
    • ON SITE: 117 days
    • ID#: SN19120503
    UPDATED: 70 min ago
    $725,000
    • 0
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,110
      SQFT
    • $176
      $/SQFT
    Type:
    Multi-Family
    Built:
    1947
    County:

    School Ratings & Info

    Description

    A great investment opportunity! This property features very limited turnover (once a year on average). In total there are 13 units with 12 studio apartments and one one bedroom (#13). Unit #8 was completely remodeled in the past weeks and is a great illustration of what these units can be. The interior photos featured are of the vacant. remodeled #8. At the southern most end of the building there is a storage shed not currently accessible by residents. Laundry facilities available to residents. There is plenty of space for all residents to park one vehicle per unit and off street parking available if needed. As an option, the property could be sold as a package with the neighboring lot, 2568 Esplanade. The two lots and buildings total 19 units and make up Panama Springs Apartments. 2568 Esplanade features a laundry room on the eastern side of the building that the current owners allow 155 Panama to utilize. Please inquire about both lots if interested.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-18T16:39:42.587. 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 Heller The Home Seller | Keller Williams Realty. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/95124597

    155 Panama Avenue Chico, CA 95973

    • Price: $725,000
    • Status: Active
    • Updated: 70 min ago
    • ID#: SN19120503
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    4,110
    SQFT
    $176
    $/SQFT
    1947
    Built
    County:
    Butte
    Property Description
    A great investment opportunity! This property features very limited turnover (once a year on average). In total there are 13 units with 12 studio apartments and one one bedroom (#13). Unit #8 was completely remodeled in the past weeks and is a great illustration of what these units can be. The interior photos featured are of the vacant. remodeled #8. At the southern most end of the building there is a storage shed not currently accessible by residents. Laundry facilities available to residents. There is plenty of space for all residents to park one vehicle per unit and off street parking available if needed. As an option, the property could be sold as a package with the neighboring lot, 2568 Esplanade. The two lots and buildings total 19 units and make up Panama Springs Apartments. 2568 Esplanade features a laundry room on the eastern side of the building that the current owners allow 155 Panama to utilize. Please inquire about both lots if interested.
    Exterior Features

    Garage Spaces 0.00 Lot Features Rectangular Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Features Parking Space Parking Total 13.00 Parking YN Yes 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 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes Laundry Features Community Levels One

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cable Tv Expense 0.00 Community Features CurbsSidewalks Country Us Electric Expense 15161.00 Elevation Units Feet Fuel Expense 0.00 Furniture Replacement Expense 0.00 Gardener Expense 1640.00 Gross Income 95908.00 Gross Scheduled Income 95908.00 Insurance Expense 4095.00 Land Lease YN No Laundry YN Yes Licenses Expense 0.00 Maintenance Expense 9262.00 Net Operating Income 41523.00 New Construction YN No New Taxes Expense 8337.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 13 Number Wall AC 13 Number With Range 13 Number With Refrigerator 13 Operating Expense 54385.00 Pest Control Expense 3420.00 Pool Expense 0.00 Professional Management Expense 6633.00 Rent Control YN No Security Expense 0.00 Senior Community YN No Sewer Conventional Septic Special Listing Conditions Standard Supplies Expense 0.00 Total Actual Rent 8755.00 Total Expenses 54385.00 Trash Expense 625.00 Water Sewer Expense 5212.00 Water Source Public Workmans Compensation Expense 0.00 Year Built Source Assessor

    Listing provided courtesy of Bradley Williams of Sheraton Investment Services and Larry Ruby of Sheraton Investment Services


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-18T16:39:42.587. 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 Heller The Home Seller | Keller Williams Realty. Licensed in the State of California, USA.
     
    Heller The Home Seller | Keller Williams Realty
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024