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1217 W Sacramento Ave

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Fell out of escrow no fault of seller. This premier student property consists of 32 newly constructed units located near CSU Chico and downtown Chico, CA. Apartments feature granite counters, wood style plank flooring, stainless appliances and washer/dryers in each. Units have kitchens equipped with range, microwave, stove and refrigerator. Property is near bus routes, and within a short distance to downtown, CSU Chico, restaurants, shopping and grocery stores.
Directions: Nord Ave to W Sacramento
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             Address: 1217 W Sacramento Ave Asking Price: $7,499,000
Lot #: Year Built: 2017
City: Chico Total Units: 32
State: California Total Bldg: 8
Zip: 95926 Floors:
County: Butte Beds/Baths: 6 / 6
City or County Apx SqFt: 26,240
APN #: 043-260-004-000 Acres:
1.66
Assessor
Additional Parcels: No Price/Unit: $234,344
Complex/Subdiv Price/Bed: $1,249,833.33
Builder: Price/SqFt: $285.79
Type: Income Property HOA names:
Status: Active HOA Dues:
Sale Type: Standard HOA Dues 2:
Zoning: Rent Control: No
Senior Commu: No Laundry Equip:
Annual GSI: $529,320 Annual OE: $152,343
Monthly GSI: $529,320 OE: $150,132
GOI: $ Gas: $
NOI: $368,602 Electric: $3,252
Gr Spendable: $ Water/Sewer: $9,600
Garage Income: $ Trash: $2,964
Laundry Income: $ Pool: $
Other Income 1: $ Insurance: $5,411
Other Income 2: $ Licenses: $
Other Inc. Desc: Manager: $26,466
Gross Multiplier: 14.17 Prof. Mgmt: $26,466
Cap Rate: 4.92 Maintenance: $4,000
Vacancy Allow: $ Gardener: $3,000
Land Value: $ Workman's Comp: $
Improvements: $ Furniture Rplcmt: $
Personal Prop: $ Pest Control: $
Have: Supplies: $
Gross Equity: $ Cable TV: $
Present Loans: $ New Taxes: $84,700
Ann. Loan Pymt: $ Other Expense: $9,000 ADMIN
On Market:
3/5/2018
Original Price: $8,800,000
Days On Market:
191 days
Listing History
Price Change: -$1,301,000
Current Price: $7,499,000
Get Your Gift: $11,248
Great Service and a Gift
Feel free to ask for more information, showings, or an objective opinion of value for any property. I have decades of experience selling income property here in Chico and my team and I are ready to work for you!

If you ask me to be your realtor, and you eventually purchase this property through me, I'll share $11,248 of my commission from the seller with you. I offer an incentive for buying almost any property you see here on my website with me as your realtor.

As your realtor, I will work with you to help you find the right property, guide you through the entire buying process, and be there for you after the sale. Getting some of my commission to help reduce your closing costs is just a nice bonus. Take a look at our testimonials and then let us go to work to make you that happy!

Susie Stephens
Owner, Broker, Realtor
Chico Real Estate, Inc.
1250 East Ave. Chico, Ca
530-898-1250
Contact us
Units Description
Type 1
# Units: 20 Actual Rent: $1,295
# Beds: 2 Total Rent: $1,340
# Baths: 2 Pro Forma: $1,395
Furnished: Unfurnished Garage Spaces:
0
Apx SqFt: Type: 1
Description:
Type 2
# Units: 1 Actual Rent: $1,850
# Beds: 2 Total Rent: $1,850
# Baths: 2 Pro Forma: $2,150
Furnished: Furnished Garage Spaces:
0
Apx SqFt: Type: 2
Description:
Type 3
# Units: 11 Actual Rent: $1,210
# Beds: 2 Total Rent: $1,255
# Baths: 2 Pro Forma: $1,395
Furnished: Unfurnished Garage Spaces:
0
Apx SqFt: Type: 3
Description:
Number of Units With Approx Unit Sizes Unit Totals
Separate Electric Meters: 32
Separate Gas Meters: 32
Separate Water Meters: 1
# of Units Leased: 26
Total Actual Rent: $42,660
Utilities and Interior
Utilities/Electric Sewer Water

- Public Sewer
Interior Heating Cooling
Flooring Rooms Appliances
Door Window Accessibility Features
Laundry Fireplace Security
- Inside
Exterior
Construction Foundation Roofing
Style Exterior Condition
Road Features Attached Structure Other Structures
- Yes
Garage/Parking Common Walls Fencing

- 1 Common Wall
Lot Pool Spa
- Yard
- None
Community Assoc. Amenities View
- Suburban
- Urban
Financial
Disclosures Terms Possession
- Submit
Assessments Tenant Pays Land Lease
Tax Info Price Excludes Price Includes

 
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1217 W Sacramento Ave
is .4 miles from:
California State University, Chico California State University, Chico
Listing History The current listing's status, price, and update history
Update Old Value New Value Price Change Date Time
List Date 3/5/2018
On Market Date 3/5/2018
10 new photos 0 10 3/5/2018 1:03 PM
Status Active Pending 6/12/2018 9:06 AM
Status Pending Withdrawn 7/9/2018 9:59 AM
Beds 4 6 9/12/2018 10:14 AM
Total Actual Rent $42,390 $42,660 9/12/2018 10:14 AM
GSI $544,980 $518,734 9/12/2018 10:14 AM
Number Of Units Leased 32 26 9/12/2018 10:14 AM
Monthly GSI $544,980 $529,320 9/12/2018 10:14 AM
Ann Op Expense $165,826 $152,343 9/12/2018 10:14 AM
Remarks 9/12/2018 10:14 AM
Status Withdrawn Active 9/12/2018 10:14 AM
Price $8,800,000 $7,700,000 -$1,100,000 9/12/2018 10:14 AM
GSI $518,734 $529,320 10/8/2018 12:24 PM
Price $7,700,000 $7,499,000 -$201,000 10/8/2018 12:24 PM
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1217 W SACRAMENTO AVE, Chico, Ca

Information provided to the MLS courtesy of Vaught, Ryan (Bre#: 01444141) of Ryno Company.

Please verify all information before relying on it. There may be a difference between actual and provided information. Based on information from California Regional Multiple Listing Service, Inc. as of October 08, 2018.
1217 W Sacramento Ave, Chico, California, 95926, was last changed by the listing agent and consequently updated here on: October 09, 2018. All Chico income property for sale and MLS data were last updated here on chicorealestate.net on: December 15, 2018 1:14 AM.