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728 W Sacramento Ave

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Well maintained 5plex right across the street from CSUC consisting of 4x 4bed 2bath units, and 1 3bed 2bath unit. The 3 bedroom unit is completely upgraded with plank flooring, ceiling fans, vanities, etc. All units have granite counters and other upgrades. 3 units are leased at promotional rates until 6/30/19. Market rate for each unit is estimated at 1950/month. Once at market this property will have a 7% cap rate. Each unit has a locked private storage room for bikes etc and indoor laundry. Professionally managed. See included financials for more details on expenses and income. Property has a private first note that may be assumable for 495K at 5% P&I over 25 years.
Directions: Esplanade to W. Sac
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             Address: 728 W Sacramento Ave Asking Price: $1,100,000
Lot #: Year Built: 1985
City: Chico Total Units: 5
State: California Total Bldg: 2
Zip: 95926 Floors:
County: Butte Beds/Baths: 15 / 8
City or County Apx SqFt:
APN #: 043-180-043-000 Acres:
.23
Assessor
Additional Parcels: No Price/Unit: $220,000
Complex/Subdiv Price/Bed: $73,333.33
Builder: Price/SqFt: $
Type: Income Property HOA names:
Status: Active HOA Dues:
Sale Type: Standard HOA Dues 2:
Zoning: CITY Rent Control: Yes
Senior Commu: No Laundry Equip:
Annual GSI: $87,360 Annual OE: $41,589
Monthly GSI: $7,280 OE: $41,589
GOI: $ Gas: $
NOI: $41,589 Electric: $
Gr Spendable: $ Water/Sewer: $6,900
Garage Income: $ Trash: $3,480
Laundry Income: $ Pool: $
Other Income 1: $ Insurance: $2,900
Other Income 2: $ Licenses: $
Other Inc. Desc: Manager: $6,989
Gross Multiplier: 12.59 Prof. Mgmt: $6,989
Cap Rate: 4 Maintenance: $3,000
Vacancy Allow: $ Gardener: $1,800
Land Value: $ Workman's Comp: $
Improvements: $ Furniture Rplcmt: $
Personal Prop: $ Pest Control: $2,520
Have: Supplies: $
Gross Equity: $ Cable TV: $
Present Loans: $ New Taxes: $11,000
Ann. Loan Pymt: $2,894 Other Expense: $2,500 Turn Ove
On Market:
1/10/2019
Original Price: $1,100,000
Days On Market:
12 days
Listing History
Price Change: $
Current Price: $1,100,000
Get Your Gift: $2,750
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 $2,750 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: 2 Actual Rent: $1,195
# Beds: 4 Total Rent: $1,245
# Baths: 2 Pro Forma: $1,950
Furnished: Unfurnished Garage Spaces:
0
Apx SqFt: Type: 1
Description:
Type 2
# Units: 1 Actual Rent: $1,195
# Beds: 3 Total Rent: $1,245
# Baths: 2 Pro Forma: $1,950
Furnished: Unfurnished Garage Spaces:
0
Apx SqFt: Type: 2
Description:
Type 3
# Units: 1 Actual Rent: $1,800
# Beds: 4 Total Rent: $1,850
# Baths: 2 Pro Forma: $1,950
Furnished: Unfurnished Garage Spaces:
0
Apx SqFt: Type: 3
Description:
Type 4
# Units: 1 Actual Rent: $1,300
# Beds: 4 Total Rent: $1,345
# Baths: 2 Pro Forma: $1,950
Furnished: Unfurnished Garage Spaces:
0
Apx SqFt: Type: 4
Description:
Number of Units With Approx Unit Sizes Unit Totals
Separate Electric Meters: 5
Separate Gas Meters: 5
Separate Water Meters: 5
# of Units Leased: 5
Total Actual Rent: $6,980
Utilities and Interior
Utilities/Electric Sewer Water

- Public Sewer
Interior Heating Cooling
- Central
Flooring Rooms Appliances
Door Window Accessibility Features
Laundry Fireplace Security
- Inside
Exterior
Construction Foundation Roofing
Style Exterior Condition
Road Features Attached Structure Other Structures
- No
Garage/Parking Common Walls Fencing
- Assigned

Carport Spaces: 3
- No Common Walls
Lot Pool Spa
- Yard
- None
Community Assoc. Amenities View
- Urban
Financial
Disclosures Terms Possession
- Submit
Assessments Tenant Pays Land Lease
Tax Info Price Excludes Price Includes

 
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728 W Sacramento Ave is in: The Avenues - Chico Vecino
728 W Sacramento Ave is in: West Avenues
728 W Sacramento Ave
is .02 miles from:
California State University, Chico California State University, Chico
728 W Sacramento Ave is in: North Campus-Rancheria
Listing History The current listing's status, price, and update history
Update Old Value New Value Price Change Date Time
List Date 1/10/2019
On Market Date 1/10/2019
13 new photos 0 13 1/10/2019 3:35 PM
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~ Click on any photo below to enlarge or print it ~
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728 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 January 10, 2019.
728 W Sacramento Ave, Chico, California, 95926, was last changed by the listing agent and consequently updated here on: January 10, 2019. All Chico income property for sale and MLS data were last updated here on chicorealestate.net on: January 22, 2019 7:49 PM.