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Key Details
Sold Price $657,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID TR20025050
Sold Date 03/19/20
Construction Status Updated/Remodeled,Turnkey
HOA Y/N No
Year Built 1985
Annual Tax Amount $3,436
Tax Year 2019
Lot Size 10,018 Sqft
Lot Dimensions Assessor
Property Sub-Type Quadruplex
Property Description
Turn-key GROWTH opportunity in Chico with a hard to find 4-plex! Current rents are below market rates, enabling future owner to increase rents and increase the value of this investment property. This 4-plex apartment building 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 newer. Large 2 Bedroom Apartment leases include smoke free, drug free, pet free policies. Tenants enjoy parking privately behind building and walking to the movies and popular eateries close by.
Location
State CA
County Butte
Zoning CITY
Interior
Heating Central, Forced Air, Natural Gas
Cooling Central Air, Electric
Flooring Carpet, Vinyl
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Electric Cooktop, Electric Oven, Gas Water Heater, Refrigerator, Range Hood, Vented Exhaust Fan, Water Heater
Laundry Common Area
Exterior
Exterior Feature Awning(s), Lighting, Rain Gutters
Parking Features Assigned, Driveway, On Site, Off Street, Paved, Private, One Space, On Street, Uncovered
Fence New Condition, Wood
Pool None
Community Features Curbs, Street Lights, Sidewalks
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Underground Utilities, Water Connected
Roof Type Composition
Total Parking Spaces 8
Private Pool No
Building
Lot Description Drip Irrigation/Bubblers, Sprinklers In Rear, Sprinklers In Front, Near Public Transit, Sprinklers Timer, Sprinklers On Side, Sprinkler System, Yard
Faces West
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled,Turnkey
Others
Senior Community No
Tax ID 007180079000
Security Features Carbon Monoxide Detector(s),Smoke Detector(s),Security Lights
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Cash
Special Listing Condition Standard, No Smoking
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Bought with Sima Saboury • Porchlight Real Estate Brokers