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This is a fantastic opportunity to own seven units that are each 1384 square foot, 4 bedroom 2 bath and fully rented in a great location, close to Chico State University and just a few short steps away from grocery stores, restaurants, bus lines and other conveniences. Each unit has it's own HVAC system, water heater, dual pane windows and a fully equipped kitchen with stove, refrigerator, dishwasher and garbage disposal and a built-in microwave in some of the units. There is the added bonus of a private laundry room in each unit with. There are three units in one building and two in each of the other buildings surrounding a central common courtyard and two lovely grassy areas with open BBQ's and plenty of outdoor seating. In 2018 each building's exterior was re-painted and new roofs installed (one building was re-roofed in 2017.) The interior of three of the units have been recently improved with light and bright finishes and laminate flooring. A fourth building on the property has a bathroom and was used as an office building in the past. It is currently being used for storage but you can explore other options as the new owner. Traditionally, vacancy rates have been incredibly low for this property due to it's amazing location. There is also assumable private financing at an excellent interest rate!
Property Type(s):
Residential Income
| Last Updated | 1/31/2025 | Year Built | 1983 |
|---|---|---|---|
| County | Butte |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Disposal, Dryer, Free-Standing Range, Microwave, Refrigerator, Washer, Water Heater |
| FIREPLACE | Yes |
| GARAGE | Asphalt, Driveway Level |
| HEAT | Central |
| HOA DUES | 0 |
| LOT | 0.5 acre(s) |
| LOT DESCRIPTION | 6-10 Units/Acre, Lawn, Level |
| PARKING | Asphalt,Driveway Level |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Traditional |
| UTILITIES | Cable Available,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected, Electric: Standard |
| VIEW | Yes |
| VIEW DESCRIPTION | Courtyard,Neighborhood |
| WATER | Public |
| ZONING | ASR |
Location
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Listed with Century 21 Select Real Estate, Inc.
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