Address
647 W 1st Avenue Chico, CA
Price
$ 1,295,000
Property Attributes
  • MLS#SN20030794
  • TypeIncome
  • CountyBUTTE
  • CityChico
  • Zip95926
  • Style
  • Price$ 1,295,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage8288
  • Lot Size0.38 Acres
Listing Provided Courtesy Of:
Ryan Vaught with Ryno Company.
Property Description

Don't miss this value added opportunity at 105k/unit!! This property consists of 2 parcels, 647 & 705 W 1st Ave just blocks from CSUC. Both are near identical 6 unit buildings (12 units total). They can be financed together or separate. Each parcel has 4x 2bed/1bath and 2x studio units. Studios are located in front detached buildings, all other units are in the rear. With improvements all units can be brought to market rates which is estimated at $750/mo (studios) and $950/mo (2bedrooms). See full financial analysis in associated documents. Property has an unused laundry room, 3 storage rooms and open space between mirror properties. Some units have upgrades such as laminate floor.

Price History
2/11/2020 Listed $1,250,000

General Features

Attached Structure Detached
Community Features Urban
Directions Warner to 1st Ave
Garage Spaces 0.00
Levels Two
Listagentaor Sierra North Valley
Listing Agent Ryan Vaught - BRE#01444141
Listing Agent State License 01444141
Number of Units Leased 12
Pool Features None
Price Per Square Foot 156.25
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
Total Units 12
Zoning R3

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls No Common Walls
Laundry Features Community
Laundry Y/N Yes
Studio Area Unit Type Square Feet
Total Stories 2

Exterior Features

Building Area Total 8288.00
Lot Features Lawn
Lot Size Acres 0.3800
Lot Size Area 16552.0000
Lot Size Source Owner
Lot Size Square Feet 16552.00
Lot Size Units Square Feet
Number of Buildings 4
Number of Separate Electric Meters 12
Number of Separate Gas Meters 12
Number of Separate Water Meters 2
Total Parking 0.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 95926

Price
AVG $1.28M
$1.3M
Visits
AVG 219
97
Year Built
AVG 1970
1965
Walkscore
AVG 57
62
Data Provided by Walkscore ® not using MLS data

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