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112 W 20TH STREET, CHICO, CA 95928

  • $649,900 
  • 0Beds
  • 0Baths
  • Sqft
  • Style
  • Residential Income
  • Listed Date 07/18/2017
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  • Open House
  • NEWLY PRICED
  • Luxury
  • Pending
  • New Listing 07/18/2017
  • Coming Soon
  • Sold
  • Rental
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Interested in this property

Well maintained 10-unit income property in good location walking distance to Sierra Nevada Brewery, pubs, and restaurants. More importantly, the property offers great cash flow. Here are the actual numbers: $64,800 per year in rents; $17,714 in annual operating expenses; net income of $47,086. At a sales price of $649,900 the CAP rate is 7.25%. You won’t find another multi-unit income property with this high of a return. The property has a low vacancy rate and a tenant waiting list. The property requires little maintenance and offers plenty of off-street parking. The building configuration is as follows: main building has 8 one bedroom units ($500/month each); on the back alley is a one bedroom home ($650/month); also on back alley is a two bedroom home ($750/month). Total of 3 buildings plus a storage shed.

Listing courtesy of: Michael McCrady, Michael McCrady, Broker
  • Property type: Residential Income
  • Status: Pending
  • List Price: $649,900
  • MLS# CH17163650
  • Beds: 0
  • Baths: 0
  • Listed: 07/18/2017
  • Sqft:
  • Age: 88
  • Assessments: Unknown
  • Attached Garage YN: No
  • Auto Sold YN: No
  • Average Studio Area Units: Square Feet
  • Building Area Total: 3308
  • Building Area Units: Square Feet
  • Common Walls: 2+ common walls
  • Community Features: Sidewalks, Street Lighting, Storm Drains
  • Construction Materials: Drywall Walls, Stucco
  • Cooling: Wall Window
  • Cooling YN: Yes
  • County Or Parish: Butte
  • Electric Expense: 400
  • Elevation Units: Feet
  • Fencing: Wood
  • Fireplace Features: None
  • Foundation Details: Slab
  • Garage Space: 0.00
  • Heating: Natural Gas, Wall Heater
  • Heating YN: Yes
  • Fireplace YN: No
  • Foreclosure YN: No
  • New Construction YN: No
  • Pool YN: No
  • REO or Bank Owned YN: No
  • Laundry Features: None
  • Pool Features: None
  • Roof: Asphalt
  • WaterWellYN: No
  • Year Built: 1929
  • Zoning: C2

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Nearby Schools

chico high school (9-12)
901 esplanade
chico, CA 95926
place1.58 miles from listing, web Website 22 students per teacher Educational climate index: average
85 staff members 1950 total students Poverty level:16 - 29.9 percent percent Enrollment change: +1% to +5%
chico junior high school (7-8)
280 memorial way
chico, CA 95926
place1.29 miles from listing, web Website 18 students per teacher Educational climate index: average
31 staff members 588 total students Poverty level:16 - 29.9 percent percent Enrollment change: -1% to -5%
fair view high (continuation) school (9-12)
102 w 11th st
chico, CA 95928
place0.61 miles from listing, web Website 21 students per teacher Educational climate index: average
13 staff members 280 total students Poverty level:16 - 29.9 percent percent Enrollment change: +10% to +15%
chico country day school (k-8)
102 w 11th st
chico, CA 95928
place0.61 miles from listing, web Website 22 students per teacher Educational climate index: average
25 staff members 550 total students Poverty level:16 - 29.9 percent percent Enrollment change: +1% to +5%
chapman elementary school (k-6)
1071 e 16th st
chico, CA 95928
place0.65 miles from listing, web Website 10 students per teacher Educational climate index: average
35 staff members 370 total students Poverty level:16 - 29.9 percent percent Enrollment change: +5% to +10%
notre dame school (preschool-8)
435 hazel st
chico, CA 95928
place1.13 miles from listing, web Website 16 students per teacher Educational climate index: average
12 staff members 202 total students Poverty level:16 - 29.9 percent percent Enrollment change:
chico christian school (k-8)
2801 notre dame blvd
chico, CA 95928
place1.79 miles from listing, web Website 14 students per teacher Educational climate index: average
20 staff members 350 total students Poverty level:16 - 29.9 percent percent Enrollment change:
the progressive schoolhouse (k-12)
2400 notre dame blvd
chico, CA 95928
place1.50 miles from listing, web Website 11 students per teacher Educational climate index: average
2 staff members 23 total students Poverty level:16 - 29.9 percent percent Enrollment change:
sherwood montessori school (k-8)
746 moss ave
chico, CA 95926
place1.95 miles from listing, web Website Not Reported students per teacher Educational climate index: average
staff members 97 total students Poverty level:not reported percent Enrollment change: No Change
butte county rop school (9-12)
2491 carmichael dr ste 100
chico, CA 95928
place1.03 miles from listing, web Website 12 students per teacher Educational climate index: average
20 staff members 250 total students Poverty level:16 - 29.9 percent percent Enrollment change: No Change
loma vista school (preschool-12)
2404 marigold ave
chico, CA 95926
place2.82 miles from listing, web Website 5 students per teacher Educational climate index: average
12 staff members 65 total students Poverty level:16 - 29.9 percent percent Enrollment change: More than -50%/+50%
inspire school of arts and sciences (9-12)
901 esplanade
chico, CA 95926
place1.58 miles from listing, web Website 22 students per teacher Educational climate index: average
20 staff members 440 total students Poverty level:not reported percent Enrollment change: No Change
chico montessori children's house (preschool-k)
814 glenn st
chico, CA 95928
place1.76 miles from listing, web Website 20 students per teacher Educational climate index: unclassified
7 staff members 40 total students Poverty level:not reported percent Enrollment change:
oakdale school (k-6)
102 w 11th st
chico, CA 95928
place0.61 miles from listing, web Website 10 students per teacher Educational climate index: average
1 staff members 10 total students Poverty level:16 - 29.9 percent percent Enrollment change: More than -50%/+50%

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