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39.721058 -121.82726

107 W 16th Street CHICO, CA 95928

321248277 39.721058 -121.82726 124 /listing/321248277-150017067/107-w-16th-street-chico-ca-95928 False 0 550000.0 105 SN22178097 False
  • $550,000
  • 0.12 lot
  • Est payment $2952.52/mo

Property & Neighborhood Info

Courtesy Of Spencer Moyer, DRE#01940191, Alive Commercial Real Estate

Multi-Family in Chico

This is a 5-unit multifamily property located in Chico, CA. Built in 1945, the property is comprised of (1) studio, (3) one-bedroom one-bathroom, and (1) two-bedroom one-bathroom floor plans. The building is comprised of a wood exterior, pitched composition shingle roof and wall air-conditioning units. There is also a shared laundry room on the lower floor. The listing price of $550,000 makes this one of the lowest price per unit investment opportunities in Chico within the last 12 months. Comparable market data shows current rents are below market, allowing a new owner to achieve a CAP rate above 6% with aggressive management and interior/exterior improvements

Courtesy Of Spencer Moyer, DRE#01940191, Alive Commercial Real Estate
  1. 0.12 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1945
  • County: BUTTE
  • Taxes: $6,154.00
  • Units: 5
  • MLS Number:SN22178097

Additional Features

  • Cooling:
    • WallWindowUnits
  • Laundry:
    • None
  • Building Square Feet:
    • 3558
  • Common Walls:
    • Item2CommonWalls
  • Garage:
    • N
  • New Construction:
    • N
  • Roof:
    • Composition
  • Year Built Source:
    • PublicRecords
  • Lot Description:
    • Item01UnitAcre
  • Pool:
    • None
  • Heating:
    • WallFurnace
  • Sewer:
    • PublicSewer
  • Community Features:
    • Biking
  • Number of Buildings:
    • 1
  • Water:
    • Public
  • Gross Income:
    • 47880
  • Net Operating Income:
    • 24922
  • Terms:
    • CashtoNewLoan
    • Item1031Exchange
  • CDOM:
    • 0
  • Special Conditions:
    • Standard
  • Tenant Pays:
    • Electricity
  • Annual Trash Expense:
    • 2030
  • Cap Rate:
    • 4.53
  • DOM:
    • 0
  • Electric Exp:
    • 800
  • Fuel Exp:
    • 0
  • Gross Scheduled Income:
    • 47880
  • Insurance Expense:
    • 2350
  • Listing Service:
    • LimitedService
  • Listing Type:
    • ExclusiveRightToSell
  • Listing Key:
    • 1021225239
  • Operating Expense:
    • 21521
  • Parcel Number:
    • 005206002000
  • Water Sewer Exp:
    • 900
Neighborhood info courtesy of Homes.com © 2022

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$38,769.95*
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Robin Fox
Robin Fox
Broker - Associate
42402 10th St west #J Lancaster CA 93536
39.721058 -121.82726

107 W 16th Street CHICO, CA 95928

321248277 39.721058 -121.82726 124 /listing/321248277-150017067/107-w-16th-street-chico-ca-95928 False 0 550000.0 105 SN22178097 False
  • $550,000
  • 0.12 lot
  • Est payment $2952.52/mo