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557 Nord Ave

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BRAND NEW!! 18 THREE BEDROOM THREE BATH UNITS WITH GRANITE COUNTER TOPS, VINYL PLANK FLOORING, TANKLESS WATER HEATERS WITH FULL SIZE WASHERS AND DRYERS IN EVERY UNIT. APARTMENTS ALSO HAVE STAINLESS STEEL APPLIANCES AND 9 FOOT CEILINGS. LOCATED NEXT TO A MAIN BIKE PATH THAT RUNS TO THE HEART OF CAMPUS. ALL UNITS HAVE SEPARATE METERS INCLUDING WATER, GAS AND ELECTRIC. EVERYTHING IS UNDER WARRANTY AND CONSTRUCTION WAS COMPLETED IN AUGUST OF 2017. NOTE, EVERY BEDROOM HAS ITS OWN BATHROOM AND THIS IS A HUGE AMENITY FOR COLLEGE STUDENTS.
Directions: NORD AVE BETWEEN W. SACRAMENTO AVE AND 1ST STREET.
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             Address: 557 Nord Ave Asking Price: $5,400,000
Lot #: Year Built: 2017
City: Chico Total Units: 18
State: California Total Bldg: 3
Zip: 95926 Floors: Two
County: Butte Beds/Baths: 3 / 3
City or County Apx SqFt: 21,118
APN #: 043-290-010-000 Acres:
1
Assessor
Additional Parcels: No Price/Unit: $300,000
Complex/Subdiv Price/Bed: $1,800,000
Builder: Price/SqFt: $255.71
Type: Income Property HOA names:
Status: Active HOA Dues:
Sale Type: Standard HOA Dues 2:
Zoning: R3 Rent Control: No
Senior Commu: No Laundry Equip:
Annual GSI: $388,800 Annual OE: $76,460
Monthly GSI: $388,800 OE: $76,460
GOI: $ Gas: $
NOI: $300,676 Electric: $828
Gr Spendable: $ Water/Sewer: $1,200
Garage Income: $ Trash: $2,400
Laundry Income: $ Pool: $
Other Income 1: $ Insurance: $3,000
Other Income 2: $ Licenses: $
Other Inc. Desc: Manager: $19,440
Gross Multiplier: 0 Prof. Mgmt: $19,440
Cap Rate: 0 Maintenance: $
Vacancy Allow: $11,664            3% Gardener: $2,400
Land Value: $ Workman's Comp: $
Improvements: $ Furniture Rplcmt: $
Personal Prop: $ Pest Control: $2,160
Have: Supplies: $
Gross Equity: $ Cable TV: $
Present Loans: $ New Taxes: $45,000
Ann. Loan Pymt: $ Other Expense: $
Listing Date: 10/26/2017 Original Price: $5,400,000
Today's Date: 11/18/2017 Price Change: $
Days Listed: 22 Current Price: $5,400,000
Our Client's Bonus: $10,800
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 $10,800 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: 18 Actual Rent: $28,800
# Beds: 3 Total Rent: $32,400
# Baths: 3 Pro Forma: $36,450
Furnished: Unfurnished Garage Spaces:
0
Apx SqFt: Type: 1
Description:
Number of Units With Approx Unit Sizes Unit Totals
Separate Electric Meters: 19
Separate Gas Meters: 18
Separate Water Meters: 19
Units With Carpet: 18
Units With Dishwasher: 18
Units With Disposal: 18
Units With Ranges: 18
Units With Refrigerator: 18
Bed 3 Avg Apx SqFt: 1173
# of Units Leased: 16
Total Actual Rent: $28,800
Utilities and Interior
Utilities/Electric Sewer Water
- Sewer Connected
- Underground Utilities
- Water Connected

- Standard
Interior Heating Cooling
- Ceiling Fan
- Granite Counters
- High Ceilings (9 Feet+)
- Recessed Lighting
- Central Furnace
- Natural Gas
- Central
Flooring Rooms Appliances
- Carpet
- Vinyl
- Kitchen
- Laundry
- Living Room
- Main Floor Bedroom
- Master Bathroom
- Master Bedroom
- Two Masters
- Dishwasher
- Free Standing Range
- Garbage Disposal
- Gas Water Heater
- Ice Maker
- Microwave
- Refrigerator
- Tankless Water Heater
Door Window Accessibility Features
- Panel Doors
- Blinds
- Double Pane Windows
- Screens
- Doors - Swing In
Laundry Fireplace Security
- Dryer Included
- Inside
- Washer Included
- None
- Carbon Monoxide Detector(s)
- Smoke Detector
Exterior
Construction Foundation Roofing
- Blown Insulation
- Drywall Walls
- HardiPlank Type
- Lap Siding
- Stucco
- Slab
- Composition
Style Exterior Condition
- Contemporary
- Rain Gutters
- Turnkey
Road Features Attached Structure Other Structures
- City Street
- Paved
- Yes
Garage/Parking Common Walls Fencing
- Unassigned

- 2+ Common Walls
- Excellent Condition
Lot Pool Spa
- 16-20 Units/Acre
- Landscaped
- Lot Over 40000 Sqft
- Lot-Level/Flat
- Paved
- Sprinkler System
- Sprinklers Timer
- None
- None
Community Assoc. Amenities View
- Gutters
- Sidewalks
- Storm Drains
- Street Lighting
- Urban
- Neighborhood
Financial
Disclosures Terms Possession
- Principal Is RE Licensed
- Submit
- Close Of Escrow
Assessments Tenant Pays Land Lease
- Unknown
- Cable TV
- Electricity
- Gas
- Sewer
- Water
Tax Info Price Excludes Price Includes

 
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557 Nord Ave
is .28 miles from:
Chico Greenline
557 Nord Ave
is .12 miles from:
California State University, Chico California State University, Chico
Listing Updates
Update Old Value New Value Price Change Date Time
List Date 10/26/2017
Entered in MLS 10/27/2017
5 new photos 0 5 10/27/2017 11:13 AM
16 new photos 5 21 10/27/2017 11:32 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 Aguilar, Jim of Century 21 Jeffries Lydon.

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 27, 2017.
557 Nord Ave, Chico, California, 95926, was last changed by the listing agent and consequently updated here on: October 28, 2017. All Chico income property for sale and MLS data were last updated here on chicorealestate.net on: November 18, 2017 1:11 AM.