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Key Details
Sold Price $475,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SN19247791
Sold Date 12/18/19
HOA Y/N No
Year Built 1969
Lot Size 8,712 Sqft
Acres 0.2
Property Description
Truly unique investment opportunity! The property has been updated and upgraded like no other - The owner has spared no expense in the improvement of the building recently and it is now the epitome of turn-key. All units have had new top-of-the-line TRANE central heat and air units installed, the entire building has been re-plumbed with new blue-line copper hot and cold water pipes and in addition, the hot water is now delivered via a new tankless, on-demand system… One unit has even been completely remodeled and is being rented at a premium as a fully-furnished apartment. All furnishings for this unit are even included with the sale! The stoves and ovens in all 4 units have been replaced and even the onsite laundry units have been refurbished providing the tenants with a quality facility and the owner with additional income in the process. The complex is located within easy walking distance to Chico State University as well as shopping and other conveniences, making it appealing for both students and non-students alike…Fully occupied and with solid rental history, this property is ready to add to your portfolio and to begin providing you with tremendous cash-flow from day one.
Location
State CA
County Butte
Zoning R3
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Central
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Curbs, Storm Drain(s)
Private Pool No
Building
Lot Description Near Public Transit, Paved
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 043180018000
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, Fannie Mae
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, Fannie Mae
Financing Conventional
Special Listing Condition Standard
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Bought with Robert Jansen • Jansen Team Real Estate
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960