$465,000
$507,000
8.3%For more information regarding the value of a property, please contact us for a free consultation.
6,970 Sqft Lot
SOLD DATE : 08/23/2022
Key Details
Sold Price $465,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 222095277
Sold Date 08/23/22
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1950
Lot Size 6,970 Sqft
Acres 0.16
Property Description
6 unit apartment consisting of five (5) studios and one (1) three bedroom unit. Three of the six units have been renovated in the last two years. Owner just leased new laundry machines with WASH. In-place rents produce a 6.5% cap rate while leaving a new owner the remaining units to renovate and lease to produce a 7.3% cap rate. This is a former motel converted to apartments. Contact Marc Guillon for more information.
Location
State CA
County Butte
Area 12550
Direction 99 to east ave to esplanade
Interior
Heating Other
Cooling Other
Flooring Other
Laundry Washer/Dryer Leased
Exterior
Parking Features Other
Utilities Available Other
Water Access Desc Other
Total Parking Spaces 6
Building
Lot Description Other
Story 1
Foundation Other
Sewer Other
Water Other
Schools
Elementary Schools Chico Unified
Middle Schools Chico Unified
High Schools Chico Unified
School District Butte
Others
Senior Community No
Tax ID 006-060-057-000
Special Listing Condition None
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