2300 Notre Dame Boulevard

    Chico, CA 95928
    • $1,065,360
    • STATUS: Active Under Contract
    • ON SITE: 49 days
    • ID#: SN18182616
    Under Contract
    UPDATED: 58 min ago
    $1,065,360
    • 0
      BEDS
    • 0.39
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,862
      SQFT
    • $155
      $/SQFT
    Type:
    Multi-Family
    Built:
    1985
    County:

    School Ratings & Info

    Description

    Stellar is the word to describe this investment opportunity! Centrally located near shopping, public transportation, and Butte College Chico location. This 8 unit complex, each consist of 2 bedrooms 1 bath with features: central heating and air in all units, dishwashers, garbage disposals, refrigerators, ceiling fans & patios. Many upgrades as units have turned over to include upgraded appliances, tile shower enclosures, laminate flooring, new kitchen & bath cabinets, and new counter tops. Fully leased with solid long term rental history, many long term tenants. Laundry room all tenants have access to, and off street parking. Owner's have taken really good care of this property and it shows, with regular maintenance, both fences with adjacent properties have been replaced in the last two years. The rents are lower than market due to long term tenancy, the pro forma makes this truly a stellar rare investment opportunity!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-18T21:28:43.487. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.kimmeeker.com/homes/86090765

    2300 Notre Dame Boulevard Chico, CA 95928

    • Price: $1,065,360
    • Status: Active Under Contract
    • Updated: 58 min ago
    • ID#: SN18182616
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.39
    Acres
    6,862
    SQFT
    $155
    $/SQFT
    1985
    Built
    County:
    Butte
    Property Description
    Stellar is the word to describe this investment opportunity! Centrally located near shopping, public transportation, and Butte College Chico location. This 8 unit complex, each consist of 2 bedrooms 1 bath with features: central heating and air in all units, dishwashers, garbage disposals, refrigerators, ceiling fans & patios. Many upgrades as units have turned over to include upgraded appliances, tile shower enclosures, laminate flooring, new kitchen & bath cabinets, and new counter tops. Fully leased with solid long term rental history, many long term tenants. Laundry room all tenants have access to, and off street parking. Owner's have taken really good care of this property and it shows, with regular maintenance, both fences with adjacent properties have been replaced in the last two years. The rents are lower than market due to long term tenancy, the pro forma makes this truly a stellar rare investment opportunity!
    Exterior Features

    Construction Materials Stucco Direction Faces North Entry Level 4 Entry Location 4 Exterior Features Rain Gutters Fence YN Yes Fencing Wood Foundation Details Slab Garage Spaces 0.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Other Structures Shed(S) Parking Features Off Street Parking Total 0.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Composition Spa Features None Spa YN No View Neighborhood View YN Yes

    Interior Features

    Appliances DishwasherElectric OvenElectric StoveGarbage DisposalGas Water HeaterRefrigerator Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 857 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Central Cooling YN Yes Door Features Sliding Glass Door(S) Fireplace Features None Fireplace YN No Flooring CarpetLaminateVinyl Heating Central Furnace Heating YN Yes Interior Features BalconyCeiling Fan Laundry Features Community Levels Two Room Type KitchenLaundryLiving Room

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 3.60 Community Features Sidewalks Country Us Electric Electricity - On Property Electric Expense 480.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 2520.00 Gross Income 69651.00 Gross Multiplier 15.29 Gross Operating Income 69651.00 Gross Scheduled Income 69651.00 Gross Spendable Income 69651.00 Insurance Expense 2907.00 Land Lease YN No Laundry Equipment Own Lease Lease Laundry Income 1326.00 Laundry YN Yes Licenses Expense 22.00 Net Operating Income 38381.00 New Taxes Expense 12145.00 Number Of Separate Electric Meters 9 Number Of Separate Gas Meters 9 Number Of Separate Water Meters 1 Number Of Units Leased 8 Number With Carpet 8 Number With Dishwasher 8 Number With Drapes 8 Number With Patio 8 Number With Range 8 Number With Refrigerator 8 Operating Expense 31270.00 Other Expense 1200.00 Other Expense Description Laundry Professional Management Expense 5466.00 Property Condition Repairs CosmeticTurnkeyUpdated/Remodeled Property Sub Type Commercial/Residential Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke Detector Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 68325.00 Total Expenses 31270.00 Trash Expense 1183.00 Utilities Cable AvailableSewer ConnectedWater Connected Water Sewer Expense 5347.00 Water Source Public Year Built Source Assessor Zoning R3

    Listing provided courtesy of Kimberly Higby of Chico Real Estate Management.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-18T21:28:43.487. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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