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Steffan Blaser

Steffan

REALTOR®
Cal BRE #01183422

530-321-3617
Contact Me

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Listing 14 out of 183
Sold for $970,000 Sold

728 W Sacramento Avenue
Chico, CA 95926

5 units | Multi Family Home
10019 sq ft lot - MLS# SN19007677
Property Photo

Sold

Sold for $970,000 on Apr 26, 2019

Description

Well maintained 5plex right across the street from CSUC consisting of 4x 4bed 2bath units, and 1 3bed 2bath unit. The 3 bedroom unit is completely upgraded with plank flooring, ceiling fans, vanities, etc. All units have granite counters and other upgrades. 3 units are leased at promotional rates until 6/30/19. Market rate for each unit is estimated at 1950/month. Once at market this property will have a 8% cap rate. Each unit has a locked private storage room for bikes etc and indoor laundry. Professionally managed. See included financials for more details on expenses and income. Property has a private first note that may be assumable for 495K at 5% P&I over 25 years.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Closed
  • Listing Price: $999,000
  • Zip Code: 95926
  • Year Built: 1985
  • Units: 5 units
  • # of Parking Spaces: 3.00
  • Lot Size: 10019 sq ft lot
  • Zoning: CITY
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Units: Square Feet
  • Cap Rate: 4.00
  • Carport Spaces: 3.00
  • Community Features: Urban
  • Cooling: Central Air
  • Cooling YN: Yes
  • Country: US
  • Directions: Esplanade to W. Sac
  • Gardener Expense: 1800.00
  • Gross Income: 7280.00
  • Gross Multiplier: 12.59
  • Gross Scheduled Income: 87360.00
  • Insurance Expense: 2900.00
  • Laundry Features: Inside
  • Laundry YN: Yes
  • Listing Agent License: 01444141
  • Listing Office License: 01859198
  • Lot Features: Yard
  • Lot Size Area: 10019.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Maintenance Expense: 3000.00
  • Net Operating Income: 41589.00
  • New Taxes Expense: 11000.00
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Leased: 5
  • Operating Expense: 41589.00
  • Other Expense: 2500.00
  • Other Expense Description: Turn Ove
  • Parking Features: Assigned
  • Parking YN: Yes
  • Pest Control Expense: 2520.00
  • Rent Control YN: Yes
  • Selling Agent: Ryan Vaught
  • Selling Agent License: 01444141
  • Selling Office: Ryno Company
  • Selling Office License: 01859198
  • Sewer: Public Sewer
  • Total Actual Rent: 6980.00
  • Total Expenses: 41589.00
  • Trash Expense: 3480.00
  • Water Sewer Expense: 6900.00
  • Water Source: Public
  • Year Built Source: Assessor
  • Sold Price: 970000.00
  • Sold Date: 2019-04-26
Courtesy of Ryno Company, Ryan Vaught



Steffan Blaser | 530-321-3617 | Contact Me


California Realty Partners   Cal BRE #01872387

1838 Feather River Blvd, Suite A  Oroville, CA 95965

(530) 282-4708

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