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2910 Morseman Ave

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Rare opportunity to own this tranquil, 8-unit compound that sits on one acre of lushly landscaped gardens. Seven units are currently rented, and have maintained occupancy for many years. The property features the following units:A ~1300 square-foot 3-bedroom 1-bath house with a hot tub, deck, hardwood floors, detached laundry room, storage shed, and a spacious shaded backyard.-Two 2-bedroom 1-bath units, each with a private yard-Three 1-bedroom 1-bath units, each with a private yard -A studio with a private yardMany of the units have recently been refreshed and remodeled. The property provides the feeling of a secluded community surrounded by a lush landscape of mature trees, 14 fruit trees, flowers, a community garden, and peaceful living. This is a one-of-a-kind property with a unique layout and abundant open space. NOTES: All info obtained through sources deemed reliable however accuracy cannot be guaranteed. Listing agent hasnt verified seller disclosures, info provided by sellers or any public records. Buyers encouraged to investigate/verify all info & aspects of property & have inspections performed to satisfy self. Info of special interest to buyers should be obtained through independent verification.
Directions: E. Lassen to Morseman, Property on the right.
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             Address: 2910 Morseman Ave Asking Price: $750,000
Lot #: Year Built: 1959
City: Chico Total Units: 8
State: California Total Bldg: 6
Zip: 95973 Floors: One
County: Butte Beds/Baths: 11 / 7
City or County Apx SqFt: 8,000
APN #: 007-320-033-000 Acres:
1
Seller
Additional Parcels: No Price/Unit: $93,750
Complex/Subdiv Price/Bed: $68,181.82
Builder: Price/SqFt: $93.75
Type: Income Property HOA names:
Status: Active HOA Dues:
Sale Type: Standard HOA Dues 2:
Zoning: R2 Rent Control: No
Senior Commu: No Laundry Equip:
Annual GSI: $81,300 Annual OE: $20,932
Monthly GSI: $81,300 OE: $20,932
GOI: $ Gas: $
NOI: $60,368 Electric: $6,000
Gr Spendable: $ Water/Sewer: $2,400
Garage Income: $ Trash: $1,332
Laundry Income: $ Pool: $
Other Income 1: $ Insurance: $2,000
Other Income 2: $ Licenses: $
Other Inc. Desc: Manager: $
Gross Multiplier: 0 Prof. Mgmt: $
Cap Rate: 0 Maintenance: $
Vacancy Allow: $ Gardener: $7,200
Land Value: $ Workman's Comp: $
Improvements: $ Furniture Rplcmt: $
Personal Prop: $ Pest Control: $
Have: Supplies: $
Gross Equity: $ Cable TV: $
Present Loans: $ New Taxes: $2,000
Ann. Loan Pymt: $ Other Expense: $
On Market:
1/8/2019
Original Price: $750,000
Days On Market:
13 days
Listing History
Price Change: $
Current Price: $750,000
Get Your Gift: $1,875
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 $1,875 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: 1 Actual Rent: $1,550
# Beds: 3 Total Rent: $1,550
# Baths: 1 Pro Forma: $1,550
Furnished: Unfurnished Garage Spaces:
0
Apx SqFt: Type: 1
Description:
Type 2
# Units: 1 Actual Rent: $700
# Beds: 1 Total Rent: $700
# Baths: 1 Pro Forma: $700
Furnished: Unfurnished Garage Spaces:
0
Apx SqFt: Type: 2
Description:
Type 3
# Units: 1 Actual Rent: $900
# Beds: 1 Total Rent: $900
# Baths: 1 Pro Forma: $900
Furnished: Unfurnished Garage Spaces:
0
Apx SqFt: Type: 3
Description:
Type 4
# Units: 1 Actual Rent: $
# Beds: Total Rent: $
# Baths: Pro Forma: $800
Furnished: Unfurnished Garage Spaces:
0
Apx SqFt: Type: 4
Description:
Type 5
# Units: 1 Actual Rent: $925
# Beds: 2 Total Rent: $925
# Baths: 1 Pro Forma: $925
Furnished: Unfurnished Garage Spaces:
0
Apx SqFt: Type: 5
Description:
Type 6
# Units: 1 Actual Rent: $950
# Beds: 1 Total Rent: $950
# Baths: 1 Pro Forma: $950
Furnished: Unfurnished Garage Spaces:
0
Apx SqFt: Type: 6
Description:
Type 7
# Units: 1 Actual Rent: $1,100
# Beds: 2 Total Rent: $1,100
# Baths: 1 Pro Forma: $1,100
Furnished: Unfurnished Garage Spaces:
0
Apx SqFt: Type: 7
Description:
Type 8
# Units: 1 Actual Rent: $650
# Beds: 1 Total Rent: $650
# Baths: 1 Pro Forma: $650
Furnished: Unfurnished Garage Spaces:
0
Apx SqFt: Type: 8
Description:
Number of Units With Approx Unit Sizes Unit Totals
Separate Electric Meters: 3
Separate Gas Meters: 3
Separate Water Meters: 1
# of Units Leased: 7
Total Actual Rent: $6,775
Utilities and Interior
Utilities/Electric Sewer Water
- Cable Connected
- Water Connected

- Shared Septic
Interior Heating Cooling
- Central Furnace
- Central
Flooring Rooms Appliances
- All Bedrooms Down
Door Window Accessibility Features
Laundry Fireplace Security
- See Remarks
Exterior
Construction Foundation Roofing
- Composition
Style Exterior Condition
Road Features Attached Structure Other Structures
- Yes
Garage/Parking Common Walls Fencing
- Driveway
- Driveway - Gravel

- 1 Common Wall
Lot Pool Spa
- 6-10 Units/Acre
- Back Yard
- Garden
- Lawn
- Yard
- None
Community Assoc. Amenities View
- Rural
- Courtyard
- Neighborhood
Financial
Disclosures Terms Possession
- Cash
- Close Of Escrow
Assessments Tenant Pays Land Lease
- Unknown
- Cable TV
Tax Info Price Excludes Price Includes

 
Green
Water Conservation Energy Generation Energy Efficient
Neighborhoods, Parks and Areas
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2910 Morseman Ave is in: Netters Area
Listing History The current listing's status, price, and update history
Update Old Value New Value Price Change Date Time
List Date 1/8/2019
On Market Date 1/8/2019
38 new photos 0 38 1/8/2019 10:29 AM
-7 photos 38 31 1/8/2019 1:02 PM
-2 photos 31 29 1/9/2019 3:27 PM
4 new photos 29 33 1/10/2019 10:05 AM
Remarks 1/10/2019 10:34 AM
-1 photos 33 32 1/11/2019 10:54 AM
Remarks 1/11/2019 10:55 AM
Acres 1.53 1 1/11/2019 10:55 AM
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~ Click on any photo below to enlarge or print it ~
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2910 MORSEMAN AVE, Chico, Ca

Information provided to the MLS courtesy of Smyth, Kelli (Bre#: 01939578) of Nexthome North Valley Realty.

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 January 16, 2019.
2910 Morseman Ave, Chico, California, 95973, was last changed by the listing agent and consequently updated here on: January 17, 2019. All Chico income property for sale and MLS data were last updated here on chicorealestate.net on: January 22, 2019 7:31 PM.