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2568 Esplanade

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Panama Springs is a six unit multi unit featuring four studios, one one bedroom unit and one three bedroom that currently serves as the residence/office for the on site manager. Also included is a spacious laundry room with washer and dryer included inside. This property rarely sees turnover as most all residents have been very long term. Property is easily visible from the Esplanade and near shopping and restaurants. In addition to the six units at 2568 Esplanade there is the option to purchase the neighboring 13 unit property, 155 Panama Avenue. Together these two lots make an L shape behind the commercial building on the corner of Esplanade and Panama.
Directions: If headed north on Esplanade the building is located on the east side between Panama Avenue and East Avenue
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             Address: 2568 Esplanade Asking Price: $385,000
Lot #: Year Built: 1950
City: Chico Total Units: 6
State: California Total Bldg: 1
Zip: 95973 Floors: One
County: Butte Beds/Baths: 4 / 2
City or County Apx SqFt: 3,360
APN #: 006-060-057-000 Acres:
.16
Assessor
Additional Parcels: No Price/Unit: $64,167
Complex/Subdiv Price/Bed: $96,250
Builder: Price/SqFt: $114.58
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: $47,400 Annual OE: $15,850
Monthly GSI: $47,400 OE: $15,850
GOI: $ Gas: $
NOI: $31,550 Electric: $2,341
Gr Spendable: $ Water/Sewer: $1,742
Garage Income: $ Trash: $670
Laundry Income: $ Pool: $
Other Income 1: $ Insurance: $700
Other Income 2: $ Licenses: $
Other Inc. Desc: Manager: $
Gross Multiplier: 0 Prof. Mgmt: $
Cap Rate: 0 Maintenance: $7,097
Vacancy Allow: $ Gardener: $
Land Value: $ Workman's Comp: $
Improvements: $ Furniture Rplcmt: $
Personal Prop: $ Pest Control: $
Have: Supplies: $
Gross Equity: $ Cable TV: $
Present Loans: $ New Taxes: $3,300
Ann. Loan Pymt: $ Other Expense: $
Listing Date: 8/28/2017 Original Price: $385,000
Today's Date: 11/21/2017 Price Change: $
Days Listed: 85 Current Price: $385,000
Our Client's Bonus: $1,155
Great Service and a Bonus
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 $1,155 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: 5 Actual Rent: $3,050
# Beds: 1 Total Rent: $3,050
# Baths: 1 Pro Forma: $3,050
Furnished: Unfurnished Garage Spaces:
0
Apx SqFt: Type: 1
Description:
Type 2
# Units: 1 Actual Rent: $900
# Beds: 3 Total Rent: $900
# Baths: 1 Pro Forma: $900
Furnished: Unfurnished Garage Spaces:
0
Apx SqFt: Type: 2
Description:
Number of Units With Approx Unit Sizes Unit Totals
Separate Electric Meters: 1
Separate Gas Meters: 1
Separate Water Meters: 1
Units With Carpet: 6
Units With Ranges: 6
Units With Refrigerator: 6
Units With Wall AC: 6
# of Units Leased: 6
Total Actual Rent: $3,950
Utilities and Interior
Utilities/Electric Sewer Water
- Cable Available
- Phone Available
- Water Connected

- Conventional Septic
Interior Heating Cooling
- Ceiling Fan
- Wall Heater
- Natural Gas
- Wall Window
- Electric
Flooring Rooms Appliances
- Carpet
- Vinyl
- All Bedrooms Down
- Freezer
- Gas Oven
- Gas Range
- Gas Water Heater
- Range/Stove Hood
Door Window Accessibility Features
Laundry Fireplace Security
- Community
- Dryer Included
- Washer Included
- None
- Carbon Monoxide Detector(s)
- Smoke Detector
Exterior
Construction Foundation Roofing
- Composition
Style Exterior Condition
Road Features Attached Structure Other Structures
- City Street
- Paved
- Yes
Garage/Parking Common Walls Fencing
- Unassigned
- Uncovered
- Parking Space
- Private
- Off Street

- 2+ Common Walls
Lot Pool Spa
- Garden
- None
- None
Community Assoc. Amenities View
- Curbs
- Gutters
- Sidewalks
- None
Financial
Disclosures Terms Possession
- Cash
- Cash To New Loan
- Close Of Escrow
Assessments Tenant Pays Land Lease
- Cable TV
Tax Info Price Excludes Price Includes

 
Green
Water Conservation Energy Generation Energy Efficient
Neighborhoods, Parks and Areas
-
Listing Updates
Update Old Value New Value Price Change Date Time
List Date 8/28/2017
Entered in MLS 9/22/2017
48 new photos 0 48 9/22/2017 5:14 PM
-1 photos 48 47 9/25/2017 10:13 AM
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~ Click on any photo below to enlarge or print it ~
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Information provided to the MLS courtesy of Ruby, Larry of Sheraton Investment Services.

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 02, 2017.
2568 Esplanade, Chico, California, 95973, was last changed by the listing agent and consequently updated here on: October 03, 2017. All Chico income property for sale and MLS data were last updated here on chicorealestate.net on: November 21, 2017 11:09 AM.