15 Ricky Court

Chico, CA 95928

$5,500,000
Price
84
Beds
28
Baths
28,232 Sq. Ft.
$195 / Sq. Ft.
28,232
Sq. Ft.
$195
per Sq. Ft.

Description

Incredible residential income investment opportunity! The Woodside Terrace Apartments is a 28-Unit apartment complex. There are 7 buildings involved in the sale of 15, 17, 19, and 21 Ricky Court. Full occupancy with fabulous rental history! Owning this complex offers easy maintenance and plenty of room for profit growth. The competitive rental market suggests rents should be nearing $1450 a month! The property is conveniently located near shopping, restaurants, parks, Chico entertainment and easy...

Property Details for 15 Ricky Court

View
Neighborhood
Parking Spaces Total
60
Private Pool
No

Location

Listing Courtesy of NextHome North Valley Realty, Kelli Smyth, DRE #01939578; NextHome North Valley Realty, Casey Smyth, DRE #01941937

Property Details for 15 Ricky Court

StatusActive
MLS #SN20248352
Days on Compass235
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1985
Lot Size1.54 AC / 67,082 SF
CountyButte County

Listing Agent

Kelli Smyth

Kelli Smyth

NextHome North Valley Realty

Kelli@chicohomeselling.com

P: 530.402.4411

M: 530.864.6810

DRE #01939578

Contact Agent(s)

Location

Listing Courtesy of NextHome North Valley Realty, Kelli Smyth, DRE #01939578; NextHome North Valley Realty, Casey Smyth, DRE #01941937

Building Information for 15 Ricky Court

Stories2Residences-Year Built1985Building Size-Lot Size1.54 AC / 67,082 SF

Payment Calculator

$18,432 per month

30 year fixed, 2.95% Interest

Principal and Interest

$18,432

Property Taxes

HOA Dues

$0

Property Information for 15 Ricky Court

Property Features
    Interior Features
  • Appliances: Dishwasher, Gas Oven, Microwave, Refrigerator
  • Common Walls: 2+ Common Walls
  • Fireplace: No
  • Fireplace Features: None
  • Interior Features: Balcony, Ceiling Fan(s), Living Room Balcony
  • Laundry: Yes
  • Laundry Features: Inside
  • Levels: One, Two
  • Total Units: 28.0
  • Room Type: Kitchen, Living Room
    Exterior Features
  • Door Features: Sliding Doors
  • Exterior Features: Rain Gutters
  • Pool Features: None
  • Roof: Composition
  • Spa: No
  • Spa Features: None
  • Window Features: Double Pane Windows
    Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Features: Assigned, Paved, Guest, Parking Space
    Water Details
  • Water Source: Public
Property / Structure Info
    Property / Structure Info
  • New Construction: No
  • Property Attached YN: true
  • Parcel Number: 005443015000
  • Property Type: Residential Income
  • Stories Total: 2
  • Year Built: 1985
  • Year Built Source: Appraiser
    Measurements / Dimensions
  • Building Area Total: 28232
  • Building Area Units: Square Feet
Community/Development / Location Info
    School/Location Info
  • Zip Code: 95928
  • Street Number Numeric: 15.0
  • Street Name: Ricky
  • Street Suffix: Court
  • Country: US
  • County Or Parish: Butte
  • Directions: Heading West on 20th Street, turn left onto Ricky Court. Complex is on the right, Woodside Terrace Apartments.
    Association Information
  • Association: No
  • Community Features: Curbs, Sidewalks, Street Lights
  • Association Fee: $.00
  • Senior Community: No
Income / Expense / Tax / Assessment Details
    Tax / Assessment Info
  • Tax Census Tract: 13.00
  • Zoning: 00
    Income Details
  • Gross Income: $324,000
  • Gross Operating Income: $324,000
  • Gross Scheduled Income: $324,000
  • Net Operating Income: $289,960
  • Vacancy Allowance: 0
    Expense Details
  • Electric Expense: $120
  • Insurance Expense: $9,672
  • New Taxes Expense: $21,996
  • Operating Expense: $34,040
  • Professional Management Expense: $0
  • Security Features: Carbon Monoxide Detector(s)
  • Total Expenses: $65,088
  • Trash Expense: $9,900
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Sewer Expense: $18,000
  • Gardener Expense: $5,400
Unit Information
    Unit 1
  • Unit Type Actual Rent: $951
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 2400
  • Unit Type Units Total: 2
  • Unit Type Total Rent: $1,902
  • Unit Type Type: 1
    Unit 2
  • Unit Type Actual Rent: $1,200
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 1200
  • Unit Type Units Total: 1
  • Unit Type Total Rent: $1,200
  • Unit Type Type: 2
    Unit 3
  • Unit Type Actual Rent: $990
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 30000
  • Unit Type Units Total: 25
  • Unit Type Total Rent: $24,750
  • Unit Type Type: 3
    Multi-Unit Info
  • Number Of Buildings: 7
  • Number Of Separate Electric Meters: 28
  • Number Of Separate Gas Meters: 28
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 28
  • Number With Dishwasher: 28
  • Number With Disposal: 28
  • Number With Patio: 28
  • Number With Range: 28
  • Number With Refrigerator: 28
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average 3 Bed Area: 1000
Rental Info
    Rental Info
  • Rent Controlled: No
  • Tenant Pays: Cable TV, Electricity, Telephone
Land/Lot Info
    Land/Lot Info
  • Land Lease: No
  • Lot Features: 26-30 Units/Acre, Paved
  • Lot Size Acres: 1.54
  • Lot Size Source: Seller
  • Lot Size Square Feet: 67082
  • Lot Size Units: Square Feet
  • Road Surface Type: Paved
  • Sewer: Public Sewer

Property History for 15 Ricky Court

DateEvent & SourcePriceAppreciation
Jun 23, 2021

Price Change

SDMLS #SN20248352

$5,500,000
Jun 23, 2021

Price Change

CLAW #SN20248352MR

$5,500,000
Jun 23, 2021

Price Change

CRMLS #SN20248352

$5,500,000
DateEvent & SourcePrice
06/23/2021

Price Change

SDMLS #SN20248352

$5,500,000
06/23/2021

Price Change

CLAW #SN20248352MR

$5,500,000
06/23/2021

Price Change

CRMLS #SN20248352

$5,500,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 15 Ricky Court

Taxable ValueLand$231,879Additions$881,162Total$1,113,041
Tax Record2020$12,704 ($1,059 / month)
Home Facts
Beds3Baths1Total Finished SqFt16,128 SqFtAbove Grade Finished SqFt16,128 SqFtStories2Lot Size36,590 SqFtStyleSingle Family ResidenceYear Built1985Year Renovated1985Zoning00CountyBUTTEAPN005443015000

Schools near 15 Ricky Court


SchoolTypeGradesDistanceRating
Chapman Elementary SchoolPublicK-50.4 mi
3
Sherwood Montessori SchoolCharterK-80.4 mi
4
Butte County Community School - LeadPublic7-120.4 mi
NR
Chico Country Day SchoolCharterK-80.7 mi
8

Chapman Elementary School

K-5, 0.4 mi, Public

3

Sherwood Montessori School

K-8, 0.4 mi, Charter

4

Butte County Community School - Lead

7-12, 0.4 mi, Public

NR

Chico Country Day School

K-8, 0.7 mi, Charter

8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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15 Ricky Court is a multi-family home for sale in Chico, CA 95928. This property was listed for sale on December 1, 2020 by NextHome North Valley Realty at $5,500,000. This listing's school district is Chico Unified School District. Nearby schools include Chapman Elementary School, Sherwood Montessori School and Butte County Community School - Lead. 15 Ricky Court is a 84-bed, 28-bath, 28,232 sqft multi-family home built in 1985.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of NextHome North Valley Realty, Kelli Smyth, DRE #01939578; NextHome North Valley Realty, Casey Smyth, DRE #01941937

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