720 West 2nd Avenue

Chico, CA 95926

$2,295,000
Price
32
Beds
18
Baths
11,500 Sq. Ft.
$200 / Sq. Ft.
11,500
Sq. Ft.
$200
per Sq. Ft.

Description

5% Seller Financing! 8 units total. Three five bedroom units and 4 Four bedroom units along with a one bedroom one bath unit. Large townhouse units with washers and dryers. Each unit has a separate water, gas and electric meters. Very well maintained and close to the university. No vacancies. Appointment only! Do not bother tenants!5% Seller Financing! 8 units total. Three five bedroom units and 4 Four bedroom units along with a one bedroom one bath unit. Large townhouse units with washers and dryers. Each unit has a separate water, gas and electric meters. Very well maintained and close to the university. No vacancies. Appointment only! Do not bother tenants!
  1. Listed by Jim Aguilar • DRE #01862725 • Brokerage DRE #01912741 • Century 21 Select Real Estate, Inc. • 530-519-4714
  2. Listed by John Wallace • DRE #01110326 • Brokerage DRE #01912741 • Century 21 Select Real Estate, Inc.

Property Details for 720 West 2nd Avenue

Architectural Style
Contemporary
View
Neighborhood
Parking Spaces Total
0
Private Pool
No
Cooling Type
Central Forced Air
Total Units
8.0
Building Type
Attached
Lot Size Source
Assessor

Location

Listing Courtesy of Century 21 Select Real Estate, Inc., Jim Aguilar, DRE #01862725; Century 21 Select Real Estate, Inc., John Wallace, DRE #01110326
Add your commute
LISTING UPDATED: 04/29/2024 05:05 AM

Property Details for 720 West 2nd Avenue

StatusActive
MLS #SN24008587
Days on Compass101
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1996
CountyButte County

Location

Listing Courtesy of Century 21 Select Real Estate, Inc., Jim Aguilar, DRE #01862725; Century 21 Select Real Estate, Inc., John Wallace, DRE #01110326
Add your commute

Building Information for 720 West 2nd Avenue

Building/Complex720 W 2nd AveFloor-Stories2Residences-Pet Policy-Year Built1996Building Size-

Payment Calculator

$13,497 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,525

Property Taxes

$972

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 720 West 2nd Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Sewer, Water
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $192,420
  • Net Operating Income: $115,452
  • Number Of Rented Garages: 0
  • Laundry Income: $0
  • Gross Multiplier: 12.0
  • Cap Rate: 5.0
  • Current Financing: None
Expense Details
  • Operating Expense: $76,968
  • Operating Expense Percent: 40.00%
  • Fuel Expense: $1
  • Insurance Expense: $1
  • Professional Management Expense: $1
  • Trash Expense: $1
  • Total Expenses: $76,968
Tax / Assessment Info
  • Tax Census Tract: 6.04
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 29
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Disposal, Range Hood, Refrigerator, Water Heater
  • Equipment: Dishwasher, Inside, Refrigerator
  • Interior Features: Ceiling Fan(s), Formica Counters
  • Room Type: Kitchen, Laundry, Living Room, Main Floor Bedroom
  • Bedroom Features: Main Floor Bedroom
  • Laundry: Yes
  • Laundry Features: Inside
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: Central Air
  • Heating Type: Central, Natural Gas
  • Heat Source: Natural Gas
  • Heating: Central, Natural Gas
  • Flooring: Carpet, Laminate, Tile
Exterior Features
  • Door Features: Panel Doors
  • Window Features: Double Pane Windows
  • Construction Materials: Concrete, Stucco
  • Exterior Construction: Concrete, Stucco
  • Exterior: Stucco
  • Roof: Composition
  • Entry Location: Ground
  • Fence: Yes
  • Fencing: Average Condition
  • Property Condition: Turnkey
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Landscaped, Lawn, Lot 20000-39999 Sqft, Rectangular Lot, Level, Sprinkler System, Sprinklers Timer
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Electricity - On Property
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Concrete
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 5
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,375
  • Unit Type Total Rent: $2,375
  • Unit Type Pro Forma: 2450
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,940
  • Unit Type Total Rent: $1,940
  • Unit Type Pro Forma: 2025
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,940
  • Unit Type Total Rent: $1,940
  • Unit Type Pro Forma: 2025
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,940
  • Unit Type Total Rent: $1,940
  • Unit Type Pro Forma: 2025
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 5
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,375
  • Unit Type Total Rent: $2,375
  • Unit Type Pro Forma: 2450
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 5
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,375
  • Unit Type Total Rent: $2,375
  • Unit Type Pro Forma: 2450
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,940
  • Unit Type Total Rent: $1,940
  • Unit Type Pro Forma: 2025
  • Unit Type Type: 7
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,150
  • Unit Type Total Rent: $1,150
  • Unit Type Pro Forma: 1200
  • Unit Type Type: 8
Unit Information
  • Number Of Units Leased: 8
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 8
  • Number With Dishwasher: 8
  • Number With Range: 8
  • Number With Refrigerator: 8
  • Number With Carpet: 8
  • Number With Disposal: 8
  • Number With Drapes: 8

Property History for 720 West 2nd Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 720 West 2nd Avenue

Taxable ValueLand$226,498Additions$814,673Total$1,041,171
Tax Record2021$11,666 ($972 / month)
Home Facts
Baths2Total Finished SqFt11,500 SqFtAbove Grade Finished SqFt11,500 SqFtStories2Lot Size22,651 SqFtStyleMulti-Family Res (5+ Units)Year Built1996Year Renovated1996ZoningR3CountyBUTTEAPN043-150-025-000Fireplace TypeHas Fireplace

Schools near 720 West 2nd Avenue

This home is within Chico Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Citrus Avenue Elementary School
PublicK to 5

Chico Junior High School
Public6 to 8

Chico High School
Public9 to 12

Inspire School of Arts and Sciences
Charter9 to 12

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.

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720 West 2nd Avenue is a multi-family home for sale in Chico, CA 95926. This property was listed for sale on January 17, 2024 by Century 21 Select Real Estate, Inc., it's currently listed at $2,295,000. This listing's school district is Chico Unified School District. Nearby schools include Citrus Avenue Elementary School, Chico Junior High School and Chico High School. 720 West 2nd Avenue is a 32-bed, 18-bath, 11,500 sqft multi-family home built in 1996.

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. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 Select Real Estate, Inc., Jim Aguilar, DRE #01862725; Century 21 Select Real Estate, Inc., John Wallace, DRE #01110326

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.